When my kids were smaller it seemed like they would never grow up.  It felt like they’d be little forever, but before I knew it they were growing up faster than I could keep up.  I looked at a college savings fund when they were little but I kept putting it off thinking I had time to worry about matters like that.  Unfortunately, I never did revisit the college funds and now my oldest is going into their first year at a university and isn’t eligible for financial aid.

I feel totally blind sided because I will not be able to comfortably pay for tuition and I don’t want them to rack up students loans.  I knew I needed some help being more creative about this so I met with my financial advisor who suggested I check out my life insurance information.  I wasn’t sure how that was going to help me but after reviewing the policy the advisor explained I was able to use my life insurance premiums to finance my kids college.

I am so relieved to find that premium financing was an option.  I feel like a huge burden has been lifted and I can put my kids through college as planned.

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