Concepts You Need to Know
529 Plan
A state-sponsored savings account for education with tax-free growth and withdrawals for qualified education expenses. Contributions are not federally deductible but some states offer deductions.
IUL for education
Using the cash value of a permanent life policy to fund college. Advantages: no contribution limits, doesn't count against FAFSA, and policy remains useful after college.
Coverdell ESA
An education savings account with $2,000/year limit but more flexibility on qualified expenses (including K–12). Less common but useful for private school families.
Take Action Now
1
Open a 529 with even $50/month — time matters more than amount.2
Run a side-by-side comparison: 529 vs IUL funding with your agent.3
Don't stop retirement contributions to fund college — sequence matters.Want a personalized plan?
Connect with a licensed agent who can apply these concepts to your specific numbers.
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