Premium finance is a strategy in which a policyholder borrows from a third-party lender (a bank) in order to pay large life insurance premiums on a large policy.
If you own a home and are currently paying off a mortgage, you should have mortgage protection life insurance in place, also known as home life insurance.
Essential Strategies for Financing Higher Education
Join us for Divine Path Financial Group’s Pay For College Smarter workshop, designed to empower families with the knowledge and strategies to fund higher education without jeopardizing their financial future. Led by our experienced financial advisors, this workshop covers everything from maximizing scholarships and grants to exploring cost-effective college savings plans and smart borrowing techniques. Learn how to navigate the complexities of college financing with confidence and ensure your child’s education is a stepping stone to success, not a financial burden. Sign up today and take the first step towards smarter college planning!
Tax-Free Growth
Tax-Free Distribution
Principal Protection
Life insurance tax codes allow your clients to grow money inside their policy completely tax-deferred when structured correctly. If the policy is designed using the correct internal revenue codes, they can contribute as much money as they wish with absolutely no contribution limits.
The loans from the IUL policy’s cash value is classified as income-tax-free. Imagine your client attending their child’s graduation knowing that their tuition has been fully paid for without the burden of student loans.
With an IUL policy, your client can participate in gains when the market goes up, to a limit, with no risk of market volatility. When the market goes down, your clients are protected against often devastating losses.
FREE TO ATTEND
Upcoming Events
Register for one of our upcoming Pay For College Smarter Workshops now before they fill-up.
Why Families Should Attend the Pay for College Smarter Workshop.
Navigating the financial complexities of paying for college can be overwhelming, but it doesn’t have to be. Join our Pay for College Smarter Workshop by Divine Path Financial Group to discover effective strategies for making higher education affordable for your family. This webinar provides invaluable insights into maximizing financial aid, scholarships, and grants while minimizing student loan debt. Learn how to budget for college expenses, optimize your savings plans, and uncover lesser-known funding opportunities. Whether you’re a parent planning for your child’s education or a student preparing for the next step, our expert guidance will equip you with the knowledge and tools to make informed financial decisions and secure a brighter educational future. Don’t miss this opportunity to invest in your family’s success and make college an achievable goal.
College Funding Options
Expected Family Contribution
The 3 Expected Family Contribution Options for College Funding
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.
MEC Whole Life Contract
EFC Option #1 for College Funding: MEC Whole Life Contract
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.
Indexed Universal Life
EFC Option #3 for College Funding: Indexed Universal Life
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.
Stacking MYGA
EFC Option #2 for College Funding: Stacking MYGA
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.
F.A.Q.
Access to a computer or the ability to attend a live class. Bring paper ad pen to take notes and write down questions.
Typically about 45 mins long.
Once you register, we will reach out and share all the information you need to attend the event.
Almost every person we have that attends our events learns something new. However, there is never any pressure to buy or do business with us – EVER. We have a pay-it-forward mentality and every person we work with is a volunteer.
YES! Please let us know how many you’d like to bring so that we can accommodate everyone in attendance.
Almost everyone who comes to the class ends up with more questions. The next step is to set up another time to continue the conversation and the education.
H A V E Q U E S T I O N S ?
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Use the information request form to send us any questions you have and we’ll get back to you ASAP.
Blog Posts
News & Insights
Our articles provide valuable tips and in-depth analysis to help you secure your financial future and make informed decisions. Whether you’re planning for retirement, protecting your wealth, or seeking strategies for sustainable growth, our blog is your trusted resource for achieving financial peace of mind and building a legacy of security and prosperity. Join us as we navigate the path to financial stability together.
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