Overwhelmed by College Costs?

Are you overwhelmed by College Costs?  The Infinite Banking Concept Can Help... Did you know that the Infinite Banking Concept resource can be a powerful tool  in the college planning process? Here's why. Although many scholarships reward merit, most financial aid is based on need.  To receive financial assistance, a family or student must complete the Free  Application for Federal Student Aid (FAFSA). Information on this application is  then analyzed using the federal methodology formula to determine what the  family is expected to contribute toward the student’s education. Money in  stocks, certificates of deposit and bank accounts are factored into this  formula, but your asset in the Infinite Banking System is not because it  is whole life insurance. Therefore, children whose parents have a portion of  their assets in a cash value life insurance policy may have a better chance  of qualifying for more financial aid than children whose parents have the same net worth and income who have not utilized the same planning technique. Just by reallocating your assets in a dividend paying whole life policy with a  mutual life company, you may improve the chances that your child could  become eligible for more scholarships and grants. College Planning and Whole Life Insurance The whole life insurance policy I help you implement can be a useful tool  in the college savings process because it:

•  Is not considered in federal financial aid calculations. •  Produces cash value, which can be accessed through tax-free loans or withdrawal/surrender of the paid-up additional insurance rider, to pay a  portion of college costs. If the policy-owner doesn’t use the cash value for  education funding, it can be used later to supplement retirement, or for  any other purpose.  • Offers a guaranteed death benefit, which can be used to pay college costs  if the insured dies prematurely. With college costs expected to increase at an annual rate of 5 to 10 percent*  for the foreseeable future, the ongoing uncertainty in the economy and  interest rates at record lows, planning for college is a major challenge for  many parents. Contact me at 816-588-2328 for more information on how  The Infinite Banking Concept can actually improve your ability to pay for  college expenses while limiting college loan expenses. *The American College, 2011.                                             For more information send inquiry to: mzimmeribc@gmail.com