COLLEGE PLANNING FUNDS
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 Insurance
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 benefiting 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 has proven to be a valuable solution for many families, and it can potentially be to 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, 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 registration for a universal life insurance policy for college savings.

The benefits of universal life insurance for college savings exceeds those offered by other college education funding alternatives.
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 |
---|---|---|---|---|---|---|---|---|
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 |
Total “Yes” Answers (out of 12 possible) | 3 | 2 | 2 | 5 | 2 | 2 | 8 | 12 |