Not surprisingly, Dr. Huey A. Mills, in his insightful and comprehensive study, published virtually identical findings from his research on Christian schools belonging to the American Association of Christian Schools. This combined with the convenience of payroll deduction, and perhaps school matching funds, is a powerful savings tool. It takes time and patience to create wealth through regular savings. It can be quite easy for Christian school teachers to accumulate wealth if they are disciplined investors. Hand in hand with a retirement plan should be a term life insurance policy.
Term life provides a safety net during the accumulation years of asset building.
By providing a term life insurance benefit, a ministry will give its staff the opportunity to protect their wages as they accumulate funds for retirement. From small acorns grow mighty oaks. The information presented is for informational purposes only and is not intended as investment advice. If investment, legal, or other professional advice is needed, seek the guidance of a competent professional. Return to Administrative Leadership, Spring 2001.