College Planning Funds

Life Insurance

For many, it might be quite difficult or even near impossible to fund their children’s college education. We understand the importance of planning ahead to ensure that your children receive quality college education and have a bright future. At Palma Financial Services, Inc. we offer financial solutions in this regard which can guarantee that your children have access to all the learning facilities and resources that are to define their future. We work with you to secure your children’s future and improve their career prospects.

Universal Life

Universal life insurance for college savings is one of the best ways to fund your children’s college education. This policy of life insurance for college savings offers complete financial security with respect to the future education of your children. It is an alternative solution in case you may not be interested in benefitting from 529 plans and Roth IRAs. It covers gaps that 529 plans and Roth IRAs have been unable to bridge and can be potentially high value to ensure that your children face no financial challenges and limitations in their quest for college education. Universal life insurance for college savings is a complete financial solution for funding your children’s college education. It has proven to be a valuable solution for many families and it can potentially be of your benefit too!

Choosing a college funding plan that fits your means and goals is one of the most valuable investments you can make in your child’s life. To learn more about which plan is right for you, call us or contact us today!

Effective Use of Life Insurance

At Palma Financial Services, Inc. we believe that life insurance for college savings is a unique and effective way to ensure that all financial requirements concerning your children’s college education are met. Hence, we offer complete support to you and guide you through all the procedures associated with you registering for universal life for college savings insurance policy.

The benefits of universal life insurance for college savings exceeds beyond those offered by other college education funding alternatives. Relying on this policy of life insurance for college savings, you can benefit from:

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12 Key Questions You Need to Consider: 401(k) Roth IRA Mutual Funds and/or Stocks Savings Account Home Equity 529 Plan Fixed/Indexed Annuity Cash Value Whole
Life Insurance
Total “Yes” Answers (out of 12 possible) 3 2 2 5 2 2 8 12
Is all of the money liquid for any purpose? NO NO YES* YES NO NO NO YES
Is it typically not “included” in financial aid formulas? YES YES NO NO NO NO YES YES
Is it protected against stock market losses? NO NO NO YES YES NO YES YES
Is it protected against real estate market losses? NO NO NO YES NO NO YES YES
Is it guaranteed to grow each and every year? NO NO NO YES NO NO YES YES
Is it guaranteed to be there when you need it to be? NO NO NO YES NO NO YES YES
Will it earn a competitive rate of return? YES*** YES*** YES*** NO NO YES*** YES YES
Is it liability proof (depending on your state) YES NO NO NO YES NO YES YES
Will college be paid-for if you die? NO NO NO NO NO No NO YES
Will it continue to be funded if you become disabled? NO NO NO NO NO NO NO YES**
Will the withdrawals NOT be subject to penalties and taxes if the funds are used for education? NO NO NO NO NO YES NO YES
Can withdrawals be used for a family emergency, purchase a car, emergencies, down payment on your child’s first home, or to fund a vacation without taxes or penalties? NO NO NO NO NO NO NO YES