Security Mutual Life Insurance Company of New York (Security Mutual Life) Binghamton, NY, has entered into a marketing agreement with Collegiate Funding Solutions (CFS), Cary, NC. Through the agreement, Security Mutual agents will be able to tap into the CFS college planning and funding platform at a significant discount.
CFS provides web-based college planning and funding solutions to financial services institutions and individual professionals. Due to the financial crisis of 2008 and the reverberations still being felt today, compounded with a rise in college tuition inflation that is double the general inflation rate, saving for college is not as simple as it once. As a result, many families are turning to financial professionals to assist them in the process.
“We are excited to offer our services to Security Mutual and its agents,” Roger Lorelle, president of Collegiate Funding Solutions said in a statement. “With today’s skyrocketing college costs, we believe want and need strategies that can help them achieve the best outcome and reduce their out-of pocket costs.”
The CFS platform will offer Security Mutual Life agents web-based college planning software, “hands on” college admission and financial aid services, a monthly e newsletter subscription as well as a web-based advertising platform.
“Security Mutual Life is always looking for tools and services such as the CFS program, that will help our insurance agents better assist individuals in reaching their financial goals,” said George Kozol, Security Mutual’s Senior Vice President for Marketing.