Part of the American dream send our kids to college and prepare them for a bright future. But with the current cost of university practically unfathomable and growing at a record pace, millions of American families are rather living a nightmare when it comes to financial planning for higher education of their children.
According to The College Board, the average total annual cost, including tuition, housing and fees in 2013-2014 to a state public college is about $ 23,000; it is a huge $ 36,000 for out of public college of law; and a mind blowing $ 45,000 for a private university.
Here's the bottom line ... if you die, your children will be able to attend and finish college?
Does reading this sentence you to pause and think?
are you ready? Could your children go to college if something were to happen to you? How would it be paid? If your children are young, have you guessed future tuition fees in the amount of life insurance coverage, you may need?
Kal Chany, author of Paying for College Without Going Broke (easier said than done!), Screened in 2012 in an article CNBC.com that tuition and costs could rise to more than $ 48,000 / year for a public school in the state and more than $ 110,000 / year at a private college by fall 2029. again, these figures are pAR aN
below is an estimate by campus Consultants tuition:
tuition costs planned for the fall 2029-spring 2030 *
| Type of school | 5% increase | 6% increases | 7% increase |
| 4 years of age (out of state) | $ 71,373 | $ 84,651 | $ 100.239 |
| 4 years private (non-profit) | $ 92,869 | $ 110.146 | $ 130,428 |
| 4 public years (in the state) | $ 41,228 | $ 48,898 | $ 57,609 |
* Includes room and board
Call us at 800-589-0465 and talk with our review team of experienced policy to be sure that your children's college plans are protected or request a call.
Unfortunately, no one knows when their time is up ... time to prepare for now.
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