Tuition Rewards
By planning your retirement and insurance needs through an ASB Financial agent, you will have access to Tuition Rewards™, a unique scholarship program. We have partnered an education funding and information provider specializing in college savings and tuition planning, to offer you this amazing benefit at absolutely no cost to you.
HOW TO EARN TUITION POINTS
ANNUITIES & SINGLE PREMIUMS
Points equal 5% of the annuity cash value at the end of each year.
CASH VALUE LIFE INSURANCE
Points equal the first year’s paid premium. Minimum award is 1,000 points. Maximum awarded is 5,000 points. Years two and on will accumulate 1,000 points per year.
LONG TERM & HOME HEALTH CARE
Points awarded first year are 2,500. Years two and on will accumulate 500 points per year.
MEDICARE SUPPLEMENT
Points awarded first year are 1,000. Year two and on will accumulate 100 points per year.
*All policies must stay in force to continue earning points.
Ask your agent how to earn bonus points above and beyond your policy!
REDEEMING YOUR POINTS
When your registered loved one attends one of 300+ participating private colleges, you will get to use your points to reduce their tuition by as much as 25%. Remaining credits can be used by another loved one.
You can register:
- Your children
- Your grandchildren
- Your nieces & nephews
- Your Godchildren
All children must be registered by June 30th following their high school sophomore year.
One Tuition Point = One Tuition Dollar
Program is subject to change. Points are awarded for eligible products issued through American Senior Benefits companies. Single premium immediate annuities are not eligible. Participating colleges are exclusively responsible for providing all Tuition Rewards. American Senior Benefits does not provide any guarantees in connection with this program.
