There are a number of ways to pay for a college education and today we want to spend time discussing how you can use whole life insurance to pay for college. While certainly not a default option presented by the mainstream financial media, whole life insurance can work as a wonderful way to pay for college.
But keep in mind that using whole life to foot the bill for higher education comes with a few best practices you should understand. To ensure that you extract the greatest amount of benefit from this strategy, we'll spend some time looking at how people use whole life insurance to pay for college while also giving you some insider knowledge on how to best set up your policy if this is your goal.