College Funding

A college or university education is an essential step on the path to a fulfilling and lucrative career, but more and more Americans are overwhelmed by the cost. As the cost of a higher education in America continues to rise, many families find they need help developing a strategy for college funding.

At The Lewis Financial Group, we’re here to help. Our friendly, knowledgeable agents will work with your family to select fixed insurance products available through American National that will help you finance your children or grandchildren’s college or university education and secure their future.

Educational IRAs, now known as Coverdell Education Savings Accounts, function similarly to Roth IRAs. While contributions are not tax-deductible, withdrawals from the account are completely tax-free, and you can contribute up to $2,000 a month until your future college graduate turns 18.

Funds can remain in the account until the beneficiary turns 30, and rollovers are flexible, meaning that funds can be shifted to siblings, spouses, children, parents and even grandparents.

Agents with The Lewis Financial Group are ready to help discuss Coverdell Education Savings Accounts and other college saving programs with your family, making the process as stress-free, transparent and flexible as possible. Give us a call toll-free today at 866-709-5206 to set up an appointment and get the conversation started about your child’s future.