Educational Funding

For many of us, funding our children's education will be the greatest financial challenge we ever face, besides purchasing our own home. The costs of higher education continue to rise and the sooner you begin saving for it, the better off you will be. You will also have the luxury of choosing among a greater variety of investment and savings options.

Options to Consider

Term Life Insurance
In the event of your premature death, the proceeds from a term insurance policy can help fund your children's or grandchildren's education. A term life insurance policy can be used to protect the needs of your loved ones for 10, 20, or even 30 years. Learn more.

Universal Life Insurance
In addition to providing a death benefit, permanent life insurance policies may develop cash value that can be withdrawn or borrowed against to help pay education costs. Loans, withdrawals, and performance will affect the policy value and net cash value and may affect the death benefit.¹ Learn more.

¹ Fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force.

Transamerica Life (Bermuda) Ltd., Transamerica Life Insurance Company, and their authorized representatives do not give tax or legal advice. The material provided is for informational purposes only and should not be construed as tax or legal advice. Clients and other interested parties must rely solely upon their own tax and/or legal advisor regarding their particular situation.