College Savings		Long Term Care Insurance
Helping your children achieve their best Everyone wants the best for their children. But the skyrocketing costs of university tuition make it increasingly difficult for many to pursue a college education without incurring large amounts of debt. Fortunately, the federal government is helping with “529” plans, Coverdell Education Accounts, and other tax-favored vehicles. All of these can be used to save now for your child’s education and, in certain situations, to enjoy the potential for tax-deferred growth and tax-free distributions. With proper planning, parents can use these plans to help provide for their children's education by contributing directly, through a trust, or through an estate plan. Many grandparents also use this opportunity to make annual contributions as part of a lasting legacy for their grandchildren. With a little planning now, you can help your children to afford an education in the future. This one step can make an incredible difference in the quality of life for generations.		Thinking about your future well-being Experts say that 2 out of every 5 people in the U.S. will at some point in their life need help caring for themselves*. The cost for paid caregivers in your home or professional facility is daunting. It can be so expensive, in fact, that personal care can quickly wipe out a lifetime of savings. Though many people think of long-term care insurance as “nursing home insurance,” we like to think of it as “anti-nursing home insurance.” That’s because the right long-term care insurance can provide you with the resources to expand your choices of where you’ll stay later in life. You’ll receive the care you need, whether at home or elsewhere, and still keep your other assets protected and intact.   *Fitch IBCA, "Longterm Care: And industry in transition," January 18, 2002

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