MI Education Funding: A Guide for Insurance Producers - 4 Hours

This course is designed to equip the insurance agent with the knowledge needed to help clients achieve their educational funding goals. It provides a comprehensive overview of various college funding tools, including financial aid and Section 529 plans, and the tax rules for the payment of higher education, including both tax credit rules and tax deductibility of certain tuition, fees, and student loan interest. The course discusses the use of IRA and qualified plan funds for payment of higher education expenses, including fixed and variable annuities within these plans. Finally, the course explores the use of life insurance as a college funding vehicle, including the death benefit and loans or withdrawals from cash values.