Child Education Funds While Determining Life Insurance
August 7, 2017
This week, Insurance 101 will focus on Child Education Funds when trying to determine the correct amount of life insurance to have.
For many, accumulating funds for a child’s education is a savings goal that is often thought about, but seldom acted on. Setting money aside could guarantee what most parents want, the funds to pay for a good education for all their children. When developing an education fund, the following average costs can be used:
Average Annual Cost of tuition fees and charges for a 4-year in-state public university .................$9,139
Average Annual Cost of tuition fees and charges for a 4-year private university ............................$31,231
Keep in mind, these numbers grow larger every year. As usual, if you have any questions about this or any other insurance issues feel free to e-mail me at email@example.com