Weekend Insurance Tip: See if Endowment Life Insurance Can Help You Pay for Your Child's College

What? Life insurance that can pay for college. It may be a choice for some with endowment life insurance.

Some families turn to endowment life insurance policies when adding security to their college savings portfolios. An endowment life insurance policy works two ways: It will work similar to a traditional life insurance policy where it will pay the face value to your beneficiary in the event of your death and it will also pay the face value of the policy if you outlive a set contract period. Check out the link above to learn more about endowment life insurance.