Whats wrong with the Aviva college funding example?
Well, nothing really, except, as you’ll see, the amount borrowed from the policy is nowhere near what could be borrowed from revolutionary life. This funding example is one of the few that will work when using CVL for college planning. When a client overfunds the CVL policy both for college funding and for retirement planning, it can work out very well. Also, whoever illustrated the Aviva policy for the Webinar did not “max-borrow” as was indicated in the Webinar; instead, they used the default settings which runs borrowing out until age 121. If the illustration was run until age 100 (as indicated in the Webinar), the max borrowing would have gone from $40,000 a year in retirement to $45,000. Just a little reminder as to why you don’t want the home office running your illustrations. College funding using revolutionary life I ran the same example illustration using revolutionary life. How did the numbers turn out? There is no comparison. Example 1: I used the same crediting rate of 7.55
