Antoine King

The Best Way To Save Money For College and Not Go Broke



Posted: Tuesday, July 20, 2010

by Antoine King

Saving money in this economy is not easy. When I talk to clients the first thing they say is, I don't have the extra money to put my child through college. That may be true because in reality students need up to $200,000 to take care of all the needed expenses. That means a parent would have to invest about $600 a month in a 529 plan really early in order to meet that requirement. Thank god for whole life policies. Did you know banks invest in whole life policies and get as much as 7% interest on your money, then they turn around and offer you a 2% interest CD. Well I'm here to tell you there is a better way. You can buy a whole life policy and use it to invest in your child's education. Why? Because it's tax free money and you can get as much as 6% on your dollars.

Whole life policies accumulate dividends and can be taken out as loans. This way of investing in your child's education can greatly benefit them. Not only does a whole life policy last until death but your child now has his own estate and when he is no longer living they will leave a legacy to their children. If you don't understand what I'm getting at, basically you can save for your child's education and help them leave a legacy at the same time. Do you think that is better than a 529 plan? Well, maybe you could use that 529 along with a whole life insurance policy.

Antoine King is a successful marketing executive and he has worked with many of today's a list celebrities. Antoine was born in the Bronx New York. He always had a love for music so being part of the entertainment industry was very natural.

This Article has been viewed 148 times. (Not updated in real-time.)
Top-level comments on this article: (1 total)
» left by Jennifer Stewart
 1 year 285 days ago.
152 fans.
This sounds like a very sensible, and also workable suggestion.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.