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TUITION REWARDS Making dreams come true Client Guide
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TUITION REWARDS - American Senior Benefits · we offer Tuition Rewards, ... “Welcome to Tuitions Rewards” email courtesy of your American Senior Benefits agent, ... Trevecca

May 03, 2018

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Page 1: TUITION REWARDS - American Senior Benefits · we offer Tuition Rewards, ... “Welcome to Tuitions Rewards” email courtesy of your American Senior Benefits agent, ... Trevecca

TUITION REWARDSMaking dreams come true

Client Guide

Page 2: TUITION REWARDS - American Senior Benefits · we offer Tuition Rewards, ... “Welcome to Tuitions Rewards” email courtesy of your American Senior Benefits agent, ... Trevecca

Make your dreams a RealityIf you plan for your retirement and Insurance needs through an American Senior Benefits agent, we offer Tuition Rewards, a unique tuition scholarship program that can benefit you and your loved ones. American Senior Benefits has partnered with SAGE Scholars, Inc., an education-funding and information provider specializing in college savings and tuition planning, to offer Tuition Rewards. This program can provide an amazing benefit for children in you family and the benefit costs you absolutely nothing.

The price of tuition and the many other costs associated with attending an accredited college or university have grown dramatically during the past 20 years. While student loans and related aid programs are available, not all students qualify. But you can help alleviate some of the financial burden of higher education for the children in your family through Tuition Rewards while you simultaneously protect your own future.

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As of January 2017, 375 private colleges...It is a private college scholarship program offered in connection with fixed and fixed-indexed Annuities, cash value Life Insurance Policies, Long Term Care and Medicare Supplements offered through American Senior Benefits. Tuition Rewards offers a scholarship for up to one full year of tuition per designated related student at participating colleges. Tuition Rewards generally count as part of their normal institutional and merit scholarships. Through your eligible plans, you earn points toward a private college fund for future generations.

Tuition Rewards Points - How they Work

Many credit cards offer “cash back” points and other rewards, so, why can’t an annuity or other Insurance Plan do the same? As of January 2017, 375 colleges in 45 states offer the unique Tuition Rewards program on your eligible plans through American Senior Benefits. Additional colleges are being added regularly.

You will receive Tuition Reward Points as follows: each point is equal to $1.00 guaranteedminimum scholarship at any member college or university.

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TUITION REWARD POINTS

Reward Points Earned

Total Accumulated

Points

End of Year 1 Points equal to first year premium paid

Min: 1,000 pointsMax: 5,000 points

End of Year 2 1,000 points 1,000

End of Year 3+ 1,000 points each year policy continues 1,000

Cash Value Life InsuranceAnnuities

Points equal to 5% of annuity cash value at the end of each year.

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TUITION REWARD POINTS

Reward Points Earned

End of Year 1 2,500 points

End of Year 2+ 500 points for each year policy continues

Medicare Supplement ProductsLong Term Care Insurance

Reward Points Earned

End of Year 1 1,000 points

End of Year 2 + 100 points

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TUITION REWARD POINTS

BONUS POINTS

• 500 point Initial Registration Bonus• 500 point Annual Review Bonus• 500 point Referral Bonus (one time only)• 500 point Bonus for initial appointment

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Let’s assume you have accumulated 30,000 in Tuition Reward points at the time the recipient of your reward is ready for college.

The institution has a first-year tuition of $25,000. The maximum tuition rewards the institution will allow this student to use is $25,000 spread evenly over four years.

That means your child’s scholarship will amount to $6,250 per year. Remaining points can be distributed to other children in your family.

REDEEMING REWARDS

Help your clients fund a college education for someone they love with

Tuition Rewards

Sunday, September 30, 2012

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Rewards Maximum You can earn up to a maximum of one full year of tuition, spread equally over four years. Some exceptions may apply. Please visit www.TuitionRewards.com for more details.

You, or a designated related party, can enroll children, grandchildren, stepchildren, God children, adopted children, nieces and nephews starting at birth up to August 31st of the year the student begins the 11th grade. Assignment of Tuition Rewards to the student must take place by August 31st of the year the student starts the 12th grade. In other words, points must be transferred from the sponsor’s account to the student by August 31 of the year 12th grade begins.

Are you ready to start earning your Tuition Rewards? If you have not yet received your “Welcome to Tuitions Rewards” email courtesy of your American Senior Benefits agent, please contact your American Senior Benefits agent so he/she can add you to Tuition Rewards. Once you receive your ‘Welcome’ email, follow the simple steps to complete your online registration. It’s that simple!

You can easily view your Tuition Rewards statement by signing into your account at www.tuitionrewards.com Electronic notices will be sent to you as new Tuition Rewards are posted to your account.

Rewards Enrollment Deadline

How to get Started

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As of January 2017, we have 375 private colleges

Help fund a college education for someone you love with

Tuition Rewards

Students can redeem rewards at over 375 private colleges across the United States. If your enrolled child chooses to apply to one of the schools in our program, you must electronically submit a Tuition Rewards statement to a participating school. This can be easily done by signing into your account at www.tuitionrewards.com and selecting the ‘Your Students’ tab.

If a student doesn’t attend a participating college, rewards may be transferred to another eligible family member. Remember, no individual can use more than one full year of tuition, spread over four years.

The earlier you start planning for retirement and your own security, the more you can earn in Tuition Rewards. And, if you transfer an annuity or other product to an American Senior Benefits company, you can start earning rewards for your account balance immediately.

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AlabamaBirmingham Southern CollegeFaulkner Univeristy Huntingdon CollegeSpring Hill CollegeArizonaBenedictine University at Mesa Embry-Riddle Aeronautical Univ.Prescott College ArkansasHarding University John Brown University Lyon College Ouachita Baptist UniversityUniversity of the OzarksCaliforniaAlliant International UniversityCalifornia College of the ArtsConcordia University Dominican University of California Mount St. Mary’s UniversitySimpson UniversityUniversity of LaVerne University of RedlandsUniversity of San DiegoWhittier CollegeConnecticutMitchell CollegePost University University of Bridgeport University of Saint JosephDelawareWesley CollegeFloridaAve Maria University Eckerd CollegeEmbry-Riddle Aeronautical Univ.Florida Institute of TechnologyFlorida Southern College Johnson University (Florida) Lynn UniversityRollins College Saint Leo University St. Thomas Univesity Stetson University University of TampaGeorgiaBerry College Brenau University Clark Atlanta University Emmanuel College Morris Brown Oglethorpe University Point University Savannah College of Art & DesignShorter University Wesleyan CollegeHawaiiChaminade University of Honolulu

IdahoNorthwest Nazarene University Illinois Benedictine University Bradley UniversityConcordia University Chicago DePaul University Dominican UniversityElmhurst College Greenville College Illinois Institute of Technology Judson University Lake Forest College Lewis University Lincoln College MacMurray College McKendree University Millikin University North Central College Olivet Nazarene University Quincy University Robert Morris University Rockford University Roosevelt UniversitySt. Xavier University Trinity Christian College Trinity International UniversityUniversity of St. Francis IndianaBethel College Calumet College of St. Joseph Franklin College Goshen College Grace College Holy Cross College Huntington UniversityIndiana Wesleyan UniversityManchester UniversityMarian CollegeOakland City University Saint Joseph’s CollegeSaint Mary’s CollegeTaylor UniversityTrine UniversityUniversity of Evansville University of IndianapolisValparaiso University Wabash CollegeIowaBriar Cliff University Clarke University Coe College Cornell College Grand View UniversityIowa Wesleyan CollegeLoras College Mount Mercy UniversityMorningside College University of Dubuque

KansasBethany College Benedictine College Newman University Southwestern CollegeKentuckyAsbury University Campbellsville UniversityGeorgetown College Lindsey Wilson CollegeUniversity of the Cumberlands MaineCollege of the Atlantic Thomas College Unity College MarylandCapitol Technology University Goucher College Hood College Maryland Institute College of Art Mount St. Mary’s University Stevenson UniversityMassachusettsAnna Maria CollegeClark UniversityEastern Nazarene College Endicott College Gordon College Lasell University Lesley University Nichols College Springfield College Suffolk University Wentworth Institute of Technology Western New England University Worcester Polytechnic Institute MichiganAdrian CollegeAlbion CollegeAlma CollegeAquinas College College for Creative Studies Hillsdale College Lawrence Tech University Madonna University Marygrove CollegeOlivet College Siena Heights UniversityUniversity of Detroit Mercy MinnesotaAugsburg CollegeCollege of St. ScholasticaConcordia University-St. Paul Ham-line University Minneapolis College of Art & Design North Central UniversitySaint Mary’s University University of St. Thomas

MississippiMillsaps College William Carey University MissouriAvila UniversityCulver-Stockton CollegeFontbonne University Hannibal-LaGrange UniversityKansas City Art Institute Lindenwood University Missouri Baptist UniversityMissouri Valley CollegeWilliam Jewell CollegeMontanaCarroll College Rocky Mountain College NebraskaConcordia University Nebraska Creighton UniversityHastings CollegeMidland Lutheran CollegeNebraska Wesleyan UniversityYork CollegeNevadaSierra Nevada College New HampshireColby-Sawyer CollegeNew England CollegeNew Jersey Berkeley CollegeFairleigh Dickinson UniversityFelician UniversityNew YorkAlfred UniversityBerkeley College Canisius CollegeCollege of New Rochelle Clarkson University Daemen College Elmira College Hartwick College Hilbert College Houghton College Manhattanville College Marist College Paul Smith’s College Pratt InstituteRensselaer Polytechnic Institute Roberts Wesleyan College Rochester Institute of Technology Russell Sage College The Sage College of Albany St. Bonaventure UniversitySt. Lawrence University St. Thomas Aquinas CollegeUnion College Wagner CollegeWells College

(continued on next page)

Consortium Member Colleges

“With Tuition Rewards, We Make Private College Education More Affordable” SAGE Scholars, Inc., 1650 Arch St., Suite 1903, Philadelphia, PA 19103 • voice 215-564-9930 • fax 215-564-9934

[email protected] • www.tuitionrewards.com • www.marketcapandgown.com

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North CarolinaBarton CollegeBennett CollegeBrevard College Catawba CollegeChowan University Gardner-Webb UniversityLees-McRae CollegeMars Hill University Meredith CollegePfeiffer University Queens University of Charlotte St. Andrews Presbyterian University University of Mount Olive Wingate University North DakotaUniversity of Jamestown University of Mary OhioAntioch College Ashland UniversityBaldwin Wallace University Capital University Cleveland Institute of Art Cincinnati Christian University Defiance CollegeHeidelberg University Hiram College John Carroll University Lake Erie CollegeLourdes College Malone University Mount Vernon Nazarene University Muskingum Univesity Ohio Northern UniversityOhio Wesleyan University Otterbein University The College of WoosterTiffin UniversityUniversity of DaytonUniversity of Findlay University of Mount Union University of Rio GrandeUrsuline CollegeWalsh University Wilberforce UniversityWilmington CollegeWittenberg University OklahomaOklahoma Christian University St. Gregory’s University Oregon Corban University Linfield College PennsylvaniaAlbright CollegeAllegheny College Alvernia University Arcadia University Bryn Athyn College Cabrini University Cairn University Carlow University Cedar Crest College

Pennsylvania (continued) Chatham University Chestnut Hill College Delaware Valley University Drexel UniversityDuquesne UniversityEastern UniversityGannon UniversityGeneva College Gwynedd-Mercy University Harrisburg University of Science & Technology Holy Family University Immaculata UniversityKeystone College Kings College Lancaster Bible CollegeLaRoche College La Salle UniversityLebanon Valley CollegeLycoming College Manor CollegeMarywood UniversityMercyhurst UniversityMessiah CollegeMisericordia University Moore College of Art and Design Moravian College Mount Aloysius College Neumann University Point Park UniversityRobert Morris University Rosemont CollegeSaint Francis University Saint Vincent CollegeSeton Hill UniversitySusquehanna University The Restaurant School at Walnut Hill CollegeThiel CollegeUniversity of Valley Forge Ursinus CollegeWashington & Jefferson College Waynesburg UniversityWestminster CollegeWidener UniversityWilkes UniversityWilson College York College of Pennsylvania Rhode Island Salve Regina University South CarolinaCoker CollegeConverse CollegeLimestone CollegeSouth Dakota Augustana University TennesseeCumberland University Fisk UniversityJohnson UniversityLincoln Memorial University Milligan CollegeTennessee Wesleyan College Trevecca Nazarene University

SAGE Tuition Rewards®: Member CollegesTennessee (continued) Tusculum College Union University Watkins College of Art, Design & Film TexasAustin CollegeHouston Baptist University Huston-Tillotson University Schreiner University Southwestern University Texas Wesleyan UniversityUniversity of Saint ThomasUniversity of the Incarnate WordUtahWestminster CollegeVermontGreen Mountain College Norwich University Saint Michael’s CollegeSouthern Vermont CollegeVirginiaBluefield College Bridgewater CollegeEastern Mennonite UniversityEmory & Henry CollegeFerrum College Hampden-Sydney College Hollins University Randolph CollegeRandolph-Macon College Roanoke College Virginia Wesleyan CollegeWashingtonPacific Lutheran University Saint Martin’s UniversityWest VirginiaAlderson Broaddus CollegeBethany CollegeDavis & Elkins CollegeSalem International University University of CharlestonWest Virginia Wesleyan CollegeWheeling Jesuit UniversityWisconsinAlverno CollegeBeloit CollegeCardinal Stritch UniversityCarroll University Carthage CollegeConcordia University of WisconsinEdgewood CollegeLakeland University Lawrence UniversityMarian UniversityMilwaukee Institute of Art & DesignMilwaukee School of EngineeringMount Mary University Northland CollegeRipon CollegeSilver Lake CollegeSt. Norbert College

375 member colleges, 45 statesUpdated 2/7/17

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FREQUENTLY ASKED QUESTIONS...

Q. Why do Colleges participate?A. Participating colleges use this as an opportunity to attract qualified students. These colleges understand that they need to remain affordable, and they want to reward families who conscientiously save and prepare for their child’s education.

Q. Is a child guaranteed admission at participating Colleges?A. No. The normal admissions standards for each school still apply.

Q. Can a child still apply for financial aid?A. Yes. Financial aid should be discussed with a financial advisor, high school guidance counselor or intended college when the time is appropriate. Participating colleges reserve the right to use Tuition Rewards as part of or separate from the normal financial aid package.

Q. What happens to earned Tuition Reward credits if an annuity contract is completely surrendered or annuitized?A. If there is a partial surrender or annuitization, the 5% annual crediting continues in force on the reduced net value, and all prior points continue to accumulate. If the annuity ends completely, the points will not continue to grow but will remain as is. As for other products, points will be granted as long as the plans remain in force.

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FREQUENTLY ASKED QUESTIONS...

Q. When a child attends college, must I use my eligible Tuition Reward points?A. No. It is always your choice of how to finance the child’s education.

Q. Is this Tuition Reward guaranteed?A. Yes. the program is a guarantee of a minimum discount. Or, colleges might blend the Tuition Rewards into the total financial reward package they can offer your student.

Q. What if my designated student’s favorite college is not on the list ?A. More colleges are being added all the time, and their favorite may be added to the list by the time they need to select a school.

Q. Will public schools ever be part of the program?A. The Tuition Rewards program is for private colleges-not public (state) schools-at the undergraduate level only.

Q. What happens to unused rewards?A. You may re-allocate unused rewards to other related children.

Contact your American Senior Benefits Agent for more information.

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12722 S. Blackbob RdOlathe, KS 66210

913-451-2724

Program is subject to change Program is applicable to any eligible products issued on or after September 15, 2012.Eligible products include fixed and fixed-indexed annuities, cash value life insurance policies, Long Term Care policies, and Medicare Supplement policies issued through American Senior Benefits companies. Single premium immediate annuities are not eligible.

Please note that participating colleges are exclusively responsible for providing all Tuition Rewards. American Senior Benefits does not provide any guarantees in connection with this program. 09/12