How Life Insurance Can Help Pay for College
How Life Insurance Can Help Pay for College
Life insurance can be used to pay for college in a number of ways. Here are three of the most common:
- Insuring the life of a parent or breadwinner.ย This can provide a financial cushion for your family if the primary income earner dies. The proceeds from the life insurance policy can then be used to pay for college, as well as other expenses.
- Purchasing a permanent life insurance policy on a child.ย This type of policy builds cash value over time, which can be used to pay for college.
- Taking out a loan against the cash value of a life insurance policy.ย This can be a good option if you need money for college right away, but don’t want to cash out the policy altogether.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Beyond Million-Dollar Contracts: Why You Need Athlete-Level Protection (Even Without the Millions!)
Health is Wealth: Why You Need Insurance Protection, Even Without a Pro Athlete’s Salary
Don’t Be a Policy Poltergeist: Haunt Your Life Insurance with a Check-Up!
Life Insurance: Is Your Policy a Ghost in the Machine? Get a Free Review!
Beyond the Funeral: 9 Reasons Why You Need More Life Insurance Than You Think
Life Insurance: Not Just for Buryin’! Unexpected Costs You Never Knew Were Covered
Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security
Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.
The Farewell Financial: Planning a Peaceful Goodbye
Beyond Goodbyes: A Guide to Navigating Funeral Costs and Life Insurance
Why Life Insurance Matters for Businesses
Death and the Business Owner: How Life Insurance Can Secure Your Legacy
Beyond the Grave: Burial Insurance vs. Life Insurance Explained
Don’t Be Buried by Confusion: Understanding Burial and Life Insurance
From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent
How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)
Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary
The Beneficiary Bunch: Understanding Your Options
Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates
Beyond the Premium: Unveiling the Unexpected Links Between Hobbies and Life Insurance