With tuition skyrocketing, parents of college-bound kids face a wrenching financial decision: drain their savings into college tuition or burden their children with student loans. The good news is that there are ways to pay for college while protecting your client's retirement savings all at the same time.
LifePro was the first IMO to utilize indexed universal life, IUL, as a tool for college funding. Tax-free growth, tax-free distribution, and principal protection are among the many benefits of this financial vehicle. Given that every parent’s financial situation is unique and each student is equally as diverse, LifePro will provide you with the tools to exceed the expectations of both parties.
The QLS team of diverse industry experts provides custom solutions within a holistic planning approach for high-net worth families, business owners, and their trusted advisors.
The proprietary strategies deliver unique solutions for qualified plan assets. The patent-pending solution has been tested and mastered and now is being shared with advisors like you.
The QLS transforms taxation of assets with benefits that may include reduced taxes, maximized wealth transfer to heirs, increased philanthropy and greater retirement income.
One of the most effective ways to save for college is to lower your expected family contribution (EFC) score when applying for financial aid. In this video, Gabriel shows you the three options you can employ to lower your EFC score and maximize your child's eligibility for grants and scholarships.
Though the calculation of an Expected Family Contribution (EFC) is quite formulaic, there are three unique options families can take to reduce their EFC and receive the most assistance. The first option is to use a MEC Whole Life Contract. What we like to call a "bond alternative". In this video, Gabriel presents a sample scenario of a family looking to reduce their EFC by utilizing a MEC Whole Life Contract.
The second EFC option for college funding is to use a Stacking Multi-Year Guaranteed Annuity (MYGA). What we like to call a "CD alternative". In this video, Gabriel continues the conversation and reviews the second option families can take to reduce their EFC by utilizing a Stacking MYGA.
The third EFC option for college funding is to use an Indexed Universal Life policy. In this video, Gabriel continues the conversation and reviews the third option families can take to reduce their EFC by utilizing an IUL contract.