Education Fund: Peace of Mind for Your Child’s Future
College — a word that can strike fear into the heart of any parent. How will you pay for it? What if something happens to you before your child is ready to go? The most cost-efficient answer is a term life insurance plan, which is designed to provide peace of mind for you and your family in the event of an unexpected tragedy.
Why Life Insurance for Education?
The average public, in-state tuition in 2021–2022 was $10,423 per year — and that doesn’t include room and board or other school-related expenses. If you have two children, four years of public in-state tuition alone adds up to $83,384. That’s a significant financial commitment that depends on your continued ability to provide.
The Math
Using the DIME Method for Education Planning
The “E” in the DIME method (Debts, Income, Mortgage, Education) specifically addresses education costs as part of your total life insurance need. When you use our DIME Needs Analysis tool, we walk you through this calculation and roll it into your complete coverage plan.
Use Our DIME Needs Analysis
Don’t let the unexpected derail your child’s future. A term life insurance plan is affordable, flexible, and can be set up in 10 minutes or less. Get started today!
