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A college education can have a positive impact on a person's future earnings. In fact, a recent study showed that 87% of Americans surveyed felt that a college education was very important in order to get ahead.
1 And they’re right. Did you know that people with a bachelor's degreen earn nearly twice as much on average than those with only a high school diploma? Over a lifetime, the gap in earning potential between a high school diploma and a B.A. (or higher) is more than $1 million!
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Farm Bureau Financial Services has several choices to help you get started with a college savings program.
The Coverdell Education Savings Account has an annual contribution limit of $2,000 per beneficiary and expands the definition of qualified expenses to include the costs of elementary and secondary schools. Contributions are not tax-deductible, but earnings and distributions are income tax-free.
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Section 529 College Savings Plans are a great way for families to save for college ... they’re easy, affordable and flexible. Section 529 College Savings Plans offer tax-deferred education savings to be applied toward many expenses related to higher education, regardless of income.
This option may help you diversify your financial strategy and reach your investment goals regardless of your strategy, risk tolerance or time horizon. A Farm Bureau agent can provide information about the mutual funds administered by a variety of industry-respected fund families and discuss strategies that can help you work toward your financial goals.
| Source: American Association of State Colleges and Universities, Volume 2 No. 9 September 2005. |
| Source: 2006-2007 College Costs, www.collegeboard.com/parents/csearch/know-the-options/21385.html "Keep Rising Prices in Perspective" |
| A 6% excess contribution tax is payable for each year that an excess contribution remains in the Coverdell Education Savings Account. |
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For additional information regarding Farm Bureau's products and services, please contact your local registered representative using the
Agent Locator . |
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IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.
Diversification does not protect an investment from market risks and does not ensure a profit.
Variable products, subaccounts, mutual funds and municipal fund securities are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus and in the issuer's official statement, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
International stock portfolios contain additional risk that is not associated with U.S. domestic issuers, such as changes in currency exchange rates, different governmental regulations, economic conditions and accounting standards.
The information contained on this Internet site is not an offer to sell or a solicitation or offer to buy shares in any fund or any series of any fund to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Further, the mutual funds are available for sale by registered representatives of EquiTrust Marketing Services, LLC in the states listed on
www.equitrust.com. The funds are not available for sale outside the United States.
Agent must be a registered representative of EquiTrust Marketing Services, LLC to discuss mutual funds or variable products.
Life insurance and annuity products offered through Farm Bureau Life Insurance Company+/West Des Moines, IA
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