How Are You Paying for Your Child’s College Education?
Posted on May 7, 2014
College is looming ahead for your teenager and you are panicking. No, it’s not about them going away and leaving home (well maybe just a little) but instead it is the fear of how you are going to pay for this new, huge expense that will soon be entering your family finances.
InForce™ Secondary Annuities could very well be the answer to your prayer.
Some people are awarded an annuity in a court case, because of a lottery winning or for some other reason and really would rather have a lump sum of money up front to take care of the things they need to take care of. They agree to sell off the annuity for a fixed amount and sign over the right to the payments to another individual. This individual could be you.
This can be a simple procedure when you work with Bulbrook Drislane. You don’t need to worry about the legal issues involved, you just need to pay for the annuity and, after doing so and the annuity is signed over, you can add it to your portfolio and it becomes a good way to pay for your child’s college education.
These annuities are paid out by insurance companies that have between a AAA and A rating which means the company is very reliable and, because these are annuities that are ordered by the court, they will be paid out.
With a favorable interest rate, these annuities can pay out a good amount of money. Over time, the amount of money that they payoff may be enough to pay for those looming college bills. Because they do come on a regular basis they can also serve as a way to add support for your child when they are away at school, especially if they are not working an outside job due to the nature of their studies.
Occasionally there are situations when the income from a fixed annuity may not be taxable until the whole thing is paid out. This can make them excellent places to put your money. These purchases also pay a fixed interest rate, which is a measure of profit that can be guaranteed and counted on for a period of time to come.
The pre-owned annuity market is rich with opportunities to be found. We do the legwork for you and get you the best deal that covers what you are looking for.
Paying for your child’s education doesn’t have to be so hard. It doesn’t have to cause you health problems with the worry. A fixed annuity is a great way to make it easier on you and your child so neither of you has to compromise on the school, quality of education or any other aspect of this journey.
Rather than your child having a lifetime of student loan payments once they graduate, or paying way too much through a traditional loan, this is a smart purchase that can provide you peace of mind and less sleepless nights while figuring out the path to college for your child that works for both of you.
John Bulbrook, Bulbrook Drislane – IN-FORCE ™ Secondary Market, Finance and Investments, Secondary Market, Annuities, Fixed Term Annuities, Life Insurance, Structured Settlements, Previously Owned Annuities, Pre Owned Annuities, Immediate Annuities, Factored Structured, Settlement Secondary Market Annuity, Aftermarket annuity, Inforce fixed term annuities, Inforce fixed term annuity, Inforce annuity, Deferred Variable Annuity, Inherited Annuity, Equity Annuities, Straight Life Annuity, Non Qualified Annuity, Mutual Fund Settlement, 20 Year Annuity, 10 Year Annuity, 5 Year Annuity – Click here for his Facebook,Twitter, LinkedIn, Google Plus