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2 min read

Why You Need Life Insurance For College Funding

By Mark Briscoe on 2/22/21 9:58 AM

If you have children or are planning to start a family in the future, you must be aware of higher education costs. If you have not yet adopted a saving plan, you might get yourself caught up in limbo. But do you know life insurance can be used as a funding source for your children's college fees? Yes, other than funds from your spouse's premature death, life insurance has a saving component known as cash value. This feature of life insurance gives an allowance of portions of your premiums to be invested.

Topics: Life Insurance & Annuities Financial Planning Planning in Advance Benefits College
2 min read

Funding in COVID-19: Resources to Support Higher Education

By NAIFA on 11/19/20 11:12 AM

Nearly 15 million students are enrolled in fall semester classes throughout the United States this year. Approximately 72 percent of those students have received at least some form of financial aid according to the Washington Post. Those who do not receive financial aid will need to file a Free Application For Federal Student Aid, or FAFSA, form to receive funding. That form is a lifeline to many students not able to pay for their higher education otherwise. This begs the question: What are people whose incomes have been damaged by COVID-19 supposed to do now?

Topics: Benefits Professional Development Research/Trends Consumers Financial Wellness COVID-19 Financial Security Future Leaders College Higher Education

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