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The College First Life Insurance Plan (ISWL-R)
College Fund Life Division Today, through the College First Life Insurance Plan (ISWL-R), families are able to help assure college funding for their children through "three pillars of strength:"

  1. Life insurance with cash value accumulations.
  2. An optional annuity rider.
  3. A child term rider that provides life insurance on the insured student AND a $60,000 private student loan commitment; up to $30,000 for undergraduate studies and up to $30,000 for graduate school.

Since the College First Life Insurance Plan (ISWL-R) is NOT tied to income, families of any financial status are eligible to participate. This has meant outstanding customer acceptance of the plan among middle-income Americans who feel rising educational costs most acutely. They may earn too much to qualify for "needs based" financial aid but not enough to be able to pay for their children's education from savings or monthly cash flow.

College is Expensive...
And will continue to be! Average annual increases have been 8% for the past 15 years. Take a look at the projected cost of a four year college degree based on current costs of $9,157 per year for a state university and over $20,000 per year for a private university, assuming an inflation factor of only 7% per year.
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...but is it a Good Investment?
Education provides for an enriched life, more confidence, greater security and the ability to earn more money.

In 1979, a male college graduate, age 25 - 34, earned 18% more than his counterpart who did not attend college.

By 1992, the earnings gap had widened in favor of the college graduate to 47%, and it continues to widen today.

An average college graduate will earn $627,480 more than a high school graduate over a lifetime.

Sources: The National Student Association, American Council on Education, based on data published by the College Board and the College Council.

 

 

 

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