Building a Future Begins Today
Higher education can be the key that opens doors to a brighter, more fulfilling future. You want to help prepare this future for those important to you, but you may not be sure where to start.
At Jennifer Lang Financial Services, LLC., we have the tools and experience to help you do it right. Our experienced advisors help you determine your saving goal, and what it takes to get there, so you can be confident in your plan.
Find out what you need to start building toward the future today – just contact us to schedule your complimentary consultation.
for Education Funding
If you are like most parents who desire for your children to attend college, you’re probably worried about the rising costs. Per an article by Newsweek, since 1969, the average cost of college (tuition, fees, and room and board for full-time students) has almost doubled compared with the median family income. According to the National Center for Education Statistics, the average cost for college in 1969 was $9,502 (after adjusting for inflation), and it jumped to an average cost of $19,339 in 2012. If you take in account, that the median income for a typical American family is $51,000 on average, then you can see that the cost of college for just one child will eat up 40% of the family’s income. Without advance college savings, coupled with possible grants and scholarships a student may receive from financial aid and other sources, many parents’ dream of sending their child to college might not be fulfilled. When deciding on what vehicle is best for you to use as a college savings plan for your child, it’s best that you get all of the facts so that you can make an informed decision.
We’re providing a chart below so that you can compare the features and benefits of using a life insurance policy for college savings versus a state-sponsored 529 plan. Both options are excellent vehicles to help save for your child’s future college education and we hope this chart will serve as a valuable guide to determining if a permanent life insurance policy is the best choice for you.
There are various types of permanent life insurance: Whole Life, Universal Life, or Index Universal Life. At Jennifer Lang Financial Services we will be able to help you with implementing a college savings plan that best fits your family’s needs to reach your goals, and help you to understand all of the types of permanent life insurance.
Life Insurance vs. 529 Plans for College Saving
Why an Education
When the children in your life are young, it’s easy to dismiss college as a long way off. However, tuition costs for higher education continue to rise, making it more and more difficult for aspiring students to pursue the careers they want.
When you build an education fund, you’re building an opportunity for the young people you care about to reach for their dreams. We help you focus your efforts to save so that you and your sponsored student can experience the greatest benefits, and we provide support to help you stay on track toward your goals over the years. With our help, you gain fulfillment and peace of mind knowing that you’re doing the best you can for the people in your life.
The Help You Need
to Support Future Scholars
Few things can compare to the value of quality education. We’re passionate about helping you achieve your goals, so you can help others achieve theirs.
Get started saving today, and enjoy the confidence and peace of mind that comes with a solid plan. Contact us to schedule your complimentary consultation.
Information on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from your own personal counselors.