Menu

Advisors Blog

Back to School: Are Your Clients Ready for What Lies Ahead?

Published on September 07, 2017

 



As kids head back to school, we’re focused on helping your clients navigate the multitude of college funding options by offering our FREE College Planning Kit for Parents. This kit includes tips and in-depth information on how you can meet multiple financial goals including paying for college and how life insurance fits in.

Did you know?... 

  • The average annual cost of college for this school year is projected to be $27,132 at a public institution vs. $54,375 for a private school, including tuition and other related expenses such as room and board.
  • Students missed out on $2.7 Billion in Free FAFSA College Aid according to a recent study by NerdWallet.com
  • To be considered for federal student aid for the 2017-2018 year, you must submit the FAFSA form between October 1, 2017 and June 30, 2018.
  • Life insurance cash values are generally NOT reportable on the FAFSA form when tabulating parents' assets for financial aid qualification. Cash value life insurance may be a valuable way to accumulate assets, especially if you're starting very early for children.                    
  • Minor children can qualify for cash value life insurance with no medical exam, usually until the age of 16 or 17 (depending on the carrier). After age 18, they are considered an adult and may be asked for an exam (depending on face amounts). It could also be harder for them to qualify financially.

The College Planning Kit for Parents includes: 

1. Estimating College Costs - This report breaks down private vs. public school costs, projected out year by year.

2. Paying for College – a comprehensive report from Prudential covering:

  • Student loans
  • Applying for student aid
  • The FAFSA form
  • 529 plans
  • Scholarships
  • Tax-Credits

3. Supporting College Funding Through Life Insurance - A cash accumulation sales idea from John Hancock.

4. Saving for College Checklist - Planners can use this handy checklist when gathering information to start the planning and saving process.

 

Click below to download the FREE College Planning Kit for Parents

 

MORE ADVISORS BLOG

 

Bridge Products Explained: Long Term Guarantees and Cash Value in one Life Insurance Policy (Video)

In this week’s video clip we discuss the possibility of offering your clients the best of both worlds when it comes to permanent life insurance. By using something we like to call “Bridge Products,” we are able to bridge the gap between long term guarantees and strong cash values all in one life insurance policy.

Read More >>

ELECTRIFY YOUR SALES – John Hancock’s #1 Selling Permanent Product Just Got Even Better!

With extended guarantees and some of the lowest premiums in the industry, John Hancock's Protection UL offers a lifetime of affordable security.

Read More >>

Get Started


Start Your GBS Online Account

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas mnt in culpa qui officia deserunt n culpa qui officia des mollfuga.


Stay Connected



login