First of all, what is a 529? (It is the Tax code governing college savings plans) The 529 college savings plan is a state sponsored, tax-advantaged tool that is offered so families can save specifically for qualified higher education expenses for their children.
What is a 7702? (It is the tax code governing cash value in life insurance policies). The 7702 college savings plan is not a state sponsored plan. It is however the Internal Revenue Code that describes the tax advantages associated with the cash value in life insurance products.
We show you a way of utilizing these cash values to fund any expenses including but not limited to education expenses, but with much more flexibility of use, while also offering tax advantages.
I must point out now that an IRC 529 is an investment vehicle specifically for saving for qualified higher education expenses. On the other hand, the IRC 7702 is the code that relates to the cash value in life insurance policies. So it is not generally considered a savings vehicle by the general public. It is a life insurance policy.
However, there is one, 106 year old, company that has embraced banking with the cash value within the life insurance structure. The policy that is used for this is designed specially for and has a patented software for illustrating maximum cash value accumulation.
Once you understand how to use this policy as a financing pool and the advantages it provides, I believe you will understand why I and many others believe it is a superior way of saving for and paying for (any level of) educational expenses. More »
Categories: 529 vs 7702, A different way of saving for college
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How to preserve your capital with guaranteed growth and safety.
Aren’t we all inundated with negative crap from everywhere from media to private conversations to internet. Who is offering a viable, lucrative, safe and secure alternative for our money? There is one financial vehicle offered by a company that has been around for and paid dividends without fail for over 106 years. Ask me more about it if you want a safe haven for some of your money.
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Categories: FINANCIAL EDUCATION 101, INVESTMENTS - What's Most Important To You?, Life Insurance with Living Benefits, Mutual Life Insurance Coming Back, Wall Street Alternative
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