Are you planning to help pay for your children’s college education? According to Savingforcollege.com's Family Guide to College Savings, In 2015, the average total cost to attend 4 years at a private college is $134,600. Children born this year can expect their total costs to more than double to over $323,900 by the time they turn 18, entering their freshman year in 2033. As parents, we want to do as much for our children within the band of what-is-practical. While paying each year’s tuition in cash might not be possible for everyone, our contributions make world a difference both during the time our children receive their education, but also in the assumption of student loan obligations which haunt the vast majority of young professionals today. Many of these young men and women find themselves in a position where they’re forced to accept jobs based on compensation, as opposed to passion in order to fulfill the financial debts of their education. As parents, what if we were not here to help with these costs? Would our child still be able to attend the college they see as the best fit? Would they be able to even attend college? In addition to the liquidity offered through the policy’s stated coverage amount, life insurance can enable significant cash accumulation within the policy. With a proper plan in place, the value of this account could represent considerable funds for which to access ensuring our children are able to continue their education uninterrupted.