What is Education Planning?

Educational planning is the strategic and proactive preparation for your or your child's educational expenses to ensure access to quality education.

Educational planning allowed individuals to better navigate the costs associated with education, make informed decisions, and create a solid foundation for academic success.

How Persistent Capital can help you

By creating a plan of action and setting goals, educational planners can help make sure that each of your scholars have the opportunity to receive an education.

Educational planning involves designing an investment strategy that specifically addresses the educational needs of your future scholar or family. Specifically, it attempts to forecast what those needs will be and assist with creating tools to satisfy those needs.

When should I start investing for education planning?

Start as soon as possible. Starting early or even prior to birth allows a better advantage of the power of compounding interest and returns. There are a few tools to explore: insurance products, 529 plans, and investment plans. See your tax specialist for the tax-free benefits available for each method.

What are the benefits of using permanent life insurance for college?

Using permanent life insurance to pay for college has a number of advantages, including:

• Flexibility: Permanent life insurance offers flexibility in how you pay for college. You can typically use the policy’s cash value to pay for college expenses, take out a loan or make withdrawals without incurring any taxes.

• May not affect financial aid: Using a cash-value life insurance policy to fund college shouldn’t be considered when applying for financial aid. If you borrow against it, the amount borrowed is not counted against the financial aid calculations.

• Easy access to funds: With permanent life insurance, you can access funds at any time for a tax-free distribution for qualified educational expenses or any other purpose.

(source Bankrate.com)