With a mortgage to pay for another decade and
college education costs on the horizon, I don't want my family to struggle to make ends meet if I'm not here to contribute my income.
Here's how the future value of money equation works: Say that
average college education costs are $ 20,000 annually for a private four - year institution, and you want to figure out how much it will cost in four years if college costs keep going up 5 percent per year.
For instance, it may be purchased for paying off estate taxes, funding
high college education costs for a grandchild, or even donating to one's favorite charity in an amount that is much larger than could have been done during life.
The money from a permanent life insurance policy's cash value can typically be used for any need or want for the policy holder, such as taking a vacation, paying off debts, supplementing retirement income, or even paying for a child's or a grandchild's
future college education costs.
Interest makes
your college education cost more than the original amount you borrowed.
A college education costs a lot of money.
Term life insurance is often purchased to cover funeral expenses, mortgage and debt payoff,
college education costs, and as income replacement.
In Virginia, if you have a 4 year old you can pay $ 8,475 today in exchange for a semester at a 4 year public school in the future, regardless of inflation in
college education costs.
Interest makes
your college education cost more than the original amount you borrowed.
How much will
a college education cost?
It does not consider any future debts or needs, such as childcare or
college education costs.
Term life insurance is often purchased to cover funeral expenses, mortgage and debt payoff,
college education costs, and as income replacement.
This type of insurance is often bought to cover funeral expenses, mortgage or debt payoff,
college education costs, and income replacement.
When you look at the numbers it is just staggering how much
a college educations costs in 2013.
These may include the payoff of debts, the payment of every day continuing living expenses, and the payment of a child or a grandchild's future
college education costs.
This could be private school or
college education costs you may want to provide for your children.
When determining how much coverage you need, take into account many different figures, such as your present debts, inflation, your children's future
college education costs and if your beneficiaries need to maintain a certain lifestyle.
The proceeds from such policies can be used to provide numerous benefits, including the payment of final expenses, paying off a mortgage or other debt, funding a child's future
college education costs, or providing ongoing income to a surviving spouse and family.
Ideal for a variety of business and personal insurance needs, such as funding key - person insurance, buy / sell agreements, non-qualified savings plans,
college education costs, mortgage vanish, and private pension plans.