Effective college fund planning requires an extensive knowledge of the educational, social and financial aid system. Many families do not realize that paying for college is also a retirement issue. The average annual cost of attendance to an in-state public college is $21,447; whereas a conservative budget for private college attendance is currently $42,224 annually. These numbers are disconcerting for parents because of the threat to their retirement funds and to students because of the potential of being saddled with long-term student loan debt. To address these issues, we have partnered with financial professionals across the country who are equipped to assist with both areas of concern.

When making a major investment (such as purchasing a home) it is helpful to work with an expert who is familiar with the industry (such as a realtor) and who can help you navigate the unfamiliar terrain. College funding is no different. Our experts are available to assist you in making decisions based on industry knowledge and experience:

  • Personal consultation with a college planning consultant to discuss your family’s individual needs
  • Help you understand available financial aid
  • Suggest income and tax strategies
  • Financial planning for the future
Why Buy Life Insurance?

Why should you bother with life insurance?  It provides the basis for your overall financial strategy and allows you to plan for the future.  Every day individuals benefit from life insurance.  They enjoy security and protection because family members or loved ones purchased policies before their deaths.

Some people equate the need for life insurance with having a family.  In fact, the value of life insurance applies to many situations — a parent raising a child alone, a couple with several children, a single person with parents who need care, or someone wishing to leave behind a lasting legacy.

Life Insurance:

  • Provides a basis for your overall financial strategy
  • Pays off when you least expect it to and helps when your family needs it most
  • Protects your family for a term of years, and benefits you (the insured) in case of survival
  • Relieves anxiety in adulthood and middle age, and relieves want from old age
  • Is the only plan that will guarantee a known sum at an unknown time
  • Provides children with guardianship, support, education, and social advantages until they are prepared to take on the burdens of life with adequate preparation
  • Builds up valuable reserves
  • Costs little and rewards greatly
  • Increase in value the longer you keep it
  • Ends only when you cash in on it
Life Insurance Resources

What is Permanent Life Insurance?

INBC News – Investing in Life Insurance

Remle Win and Real Life Story

Transamerica Legacy of Love

If you are considering the option of an annuity, it is important that you should find out all about annuities pros and cons. Just like other financial options, there is an upside and also a downside to the use of annuities. The best aspect that makes annuities highly appealing and beneficial is that they offer lifetime income, which means that you will be entitled to a periodic income, which will be paid to you for as long as you live.This is an efficient way to get a tax benefit and be protected against inflation.

There are many types of annuities. The fixed index annuity is beneficial while each of the other types of annuities has its own characteristics, some of which may not entirely be in your favor.All annuities, fixed or fixed index, share several common benefits. Here’s a summary of what annuities can bring to your retirement strategy:

  • Ideal for Estate Planning:  Proceeds from annuities pass directly to your beneficiaries without the delay, expense, and publicity of probate in most states. If you’ve ever had a loved one’s estate go through this time-consuming legal process, you know just what kind of advantage this is.
  • The Power of Tax Deferral: Because you do not pay taxes on earnings every year, your annuity is able to work harder thanks to tax-deferral. You will have to pay taxes on earnings when you withdraw your annuity’s gains, but at least you can decide when that happens.
  • No Contribution Limits: Contributions to other retirement savings vehicles, like 401(k)s and Individual Retirement Accounts, are strictly limited. Annuities, however, offer tremendous flexibility. You can contribute as much as you want, up to the limits imposed by the insurer, to take advantage of tax-deferral or variable accounts inside the annuity. Plus, you can add to your annuity contract at any time.

For more information about annuities, visit our Annuity FAQ.