Save Smarter With The College First PlanSM
The College First PlanSM is an easy and affordable way to save for college with juvenile life insurance. For as little as $5 a day, you can give your child or grandchild a head start on their college education and whatever comes next.
The College First PlanSM is a strategy that utilizes a Penn Mutual indexed universal life insurance policy1 linked to the performance of the S&P 500®.2
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Guarantees
The College First PlanSM is guaranteed to increase, by a minimum interest rate of 2.0% every year regardless of the performance of the S&P 500® index. Plus, in years when the S&P 500® increases additional interest will be credited to you annually up to a specified cap (currently 12%). When the S&P 500® decreases, the minimum interest rate of 2% provides downside protection.
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Access to your money
Parents, as policy owners, can access cash value on a tax-free basis through withdrawals or loans. Loans and withdrawals will reduce the cash value and death benefit amounts.
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Insurance for life
Your child or grandchild can have permanent life insurance for life, regardless of future health or insurability.3
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Flexible payments
Choose the annual contribution that fits your budget, you can always contribute more. Policy cash value can be used to pay future premiums.
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Options
Unlike other plans, you do not need to use the savings to pay for college - the policy cash value can be used at any time, for any purpose, without penalty. For example, a down payment for a home, or to start a business.
