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Don't let your premature death cause your child's education to be out of reach. For your dependent child, the premature death of a parent may mean a quality education is suddenly out of reach.
Advantages of College Funding with Life Insurance
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Tax-free withdrawals up to the cost basis.
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Tax-deferred growth of cash value.
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Potential for low interest loans.
The Role of Life Insurance
In life or death, insurance can ensure that funding your child's education is intact:
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Use the death benefit to protect your child's education — The proceeds from a policy's death benefit can help ensure that the necessary funds are there for the child when the time comes. Consider the following products from Lincoln Life to supplement your plan:
Lincoln VULDB-II
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Use the cash value buildup of your policy — Taking loans and/or withdrawals against the policy's cash value offers another source of funds for college tuition - tax free. Even without the loss of a parent, life insurance provides the build up of cash value, making funds available for use in many ways. Consider the following products from Lincoln Life to supplement your plan:
Lincoln VULCV-III
Lincoln ULLPR-5
For a list of products available in New York, click here.
LM0112-0484
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