Why Do Advisors Recommend Insurance for College Planning?
Channel: Chris Grande
Date: 2020-01-17

This was a great Quora question:
https://www.quora.com/Why-do-college-financial-advisors-always-suggest-insurance-policies/answer/Chris-Grande-2

 Originally I thought the question was "why do advisors always recommend insurance?" I didn't see the college part. So I answered both.

For solid college planning, I'd recommend you consider solid fee based advisors who specialize in each area - meaning a fee based financial aid expert, a fee based financial advisor, CPA etc.

When your college advisor also pitches high cost insurance products, you run the risk of conflict of interest. Not saying it's definite, but the chances are there when compensation is tied to recommendations, and not flat.

If you aren't sure where to turn, inquire with our firm and we can have a conversation. Worst case, I will help point you in the right direction. Best case, we're a good fit. Find my intake form here:

https://www.planwithchris.com/planwithchris

Thanks for watching!

Remember to 80/20 Your Money (and your entire life!) If you are an entrepreneur or a successful corporate exec who longs for an independent lifestyle, you know it helps to have advice and counsel from people who have done it. As an independent advisor who has never had a "job," I know what it takes to run your own show and be independent; to set yourself up financially in a way proper for a successful entrepreneur; to be truly free.

Would you like to work with someone who can help you be more free? If so, go here and lets chat: https://www.planwithchris.com/planwithchris

Warmly,

Chris Grande, MSIM, CFP®, RMA®
Interested in working together?
https://www.planwithchris.com/planwithchris


Note:

My articles and videos are meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting financial strategies that you don't fully understand.