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TUITION REWARDS Making dreams come true Client Guide
TUITION REWARDSMaking dreams come true
Client Guide
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.
What is Tuition Rewards ? 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 September 2012, almost 300 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.
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.
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
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
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
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
Using YourTuition Rewards
Help fund a college education for someone you love with
Tuition Rewards
Students can redeem rewards at nearly 300 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.
AlabamaBirmingham Southern CollegeHuntingdon CollegeSpring Hill College
ArizonaEmbry-Riddle Aeronautical University - AZPrescott College
ArkansasLyon CollegeOuachita Baptist UniversityUniversity of the Ozarks
CaliforniaAlliant International UniversityCalifornia College of the ArtsConcordia UniversityDominican University of CaliforniaMount St. Mary's CollegeSimpson UniversityUniversity of La VerneUniversity of San DiegoWhittier College
ConnecticutMitchell CollegePost UniversityUniversity of BridgeportUniversity of Saint Joseph
DelawareWesley College
FloridaEckerd CollegeEmbry-Riddle Aeronautical University - FLFlorida Institute of TechnologyFlorida Southern CollegeRollins CollegeSaint Leo University
PARTICIPATING SCHOOLS (as of September 2012)
GeorgiaMorris Brown CollegeOglethorpe UniversitySavannah College of Art and DesignShorter University
HawaiiChaminade University *
IdahoNorthwest Nazarene University
IllinoisBradley UniversityConcordia University ChicagoDePaul UniversityDominican UniversityElmhurst CollegeGreenville CollegeIllinois Institute of TechnologyJudson UniversityLake Forest CollegeLewis UniversityLincoln CollegeMcKendree UniversityMillikin UniversityNorth Central CollegeOlivet Nazarene UniversityQuincy UniversityRobert Morris University IllinoisRockford CollegeSaint Xavier UniversityTrinity Christian CollegeUniversity of St. Francis
IndianaBethel CollegeButler UniversityCalumet College of St. JosephFranklin CollegeGrace CollegeHoly Cross CollegeIndiana Wesleyan UniversityManchester CollegeMarian UniversityOakland City UniversitySaint Joseph's CollegeSaint Mary's CollegeTaylor UniversityTrine UniversityUniversity of EvansvilleValparaiso UniversityIowaBriar Cliff UniversityCoe CollegeIowa Wesleyan CollegeLoras CollegeMorningside CollegeKansasBenedictine CollegeSouthwestern CollegeKentuckyAsbury UniversityCampbellsville UniversityGeorgetown CollegeLindsey Wilson CollegeUniversity of the CumberlandsMaineCollege of the AtlanticUnity College
MarylandCapital Bible SeminaryMount St. Mary's UniversityWashington Bible CollegeMassachusettsAnna Maria CollegeBecker CollegeClark UniversityEastern Nazarene CollegeEndicott CollegeGordon CollegeNichols CollegeSpringfield CollegeWentworth Institute of TechnologyWestern New England UniversityWorcester Polytechnic InstituteMichiganAdrian CollegeAlbion CollegeAlma CollegeAquinas CollegeHillsdale CollegeLawrence Technological UniversityOlivet CollegeUniversity of Detroit MercyMinnesotaAugsburg CollegeConcordia University, St. PaulHamline UniversitySaint Mary's University of MinnesotaThe College of Saint ScholasticaMississippiMillsaps CollegeWilliam Carey University
MissouriAvila UniversityCulver-Stockton CollegeFontbonne UniversityHannibal-Lagrange UniversityKansas City Art InstituteLindenwood UniversityMissouri Baptist UniversityMissouri Valley CollegeWilliam Jewell College
MontanaCarroll CollegeRocky Mountain College
NebraskaCreighton UniversityHastings CollegeMidland UniversityNebraska Wesleyan UniversityYork College
NevadaSierra Nevada College
New HampshireColby-Sawyer CollegeNew England College
New JerseyBerkeley College, NJFairleigh Dickinson UniversityFelician CollegeGeorgian Court University
PARTICIPATING SCHOOLS (as of September 2012)
New YorkAlfred UniversityBerkeley College, NYClarkson UniversityElmira CollegeHartwick CollegeHilbert CollegeHoughton CollegeIona CollegeManhattanville CollegePratt InstituteRensselaer Polytechnic InstituteRoberts Wesleyan CollegeRochester Institute of Technology *Russell Sage CollegeSage College of AlbanySt. Lawrence UniversitySt. Thomas Aquinas CollegeThe College of New RochelleWagner CollegeWells College North CarolinaBarton CollegeBennett CollegeBrevard CollegeCatawba CollegeChowan UniversityLees-McRae CollegeMeredith CollegeMount Olive CollegePfeiffer UniversitySt. Andrews Presbyterian College
North DakotaJamestown College
OhioAntioch UniversityAshland UniversityCapital UniversityCincinnati Christian UniversityHeidelberg UniversityHiram CollegeJohn Carroll UniversityLake Erie CollegeLourdes UniversityMalone CollegeMuskingum UniversityOhio Northern UniversityOhio Wesleyan UniversityOtterbein UniversityThe College of WoosterThe University of FindlayTiffin UniversityUniversity of DaytonUrsuline CollegeWalsh UniversityWilberforce UniversityWilmington CollegeWittenberg University
OklahomaSt. Gregory's University
PennsylvaniaAlbright CollegeAllegheny CollegeAlvernia UniversityArcadia UniversityBryn Athyn CollegeCabrini CollegeCarlow UniversityCedar Crest CollegeChatham UniversityChestnut Hill College
PennsylvaniaDelaware Valley CollegeDrexel UniversityDuquesne UniversityEastern UniversityGannon UniversityGeneva CollegeGwynedd Mercy CollegeHarrisburg University Science & TechHoly Family UniversityImmaculata UniversityKeystone CollegeKing's CollegeLa Roche CollegeLa Salle UniversityLancaster Bible CollegeLebanon Valley CollegeLycoming CollegeMarywood UniversityMercyhurst CollegeMessiah CollegeMisericordia UniversityMoore College of Art and DesignMount Aloysius CollegePhiladelphia Biblical UniversityPoint Park UniversityRobert Morris UniversityRosemont CollegeSaint Francis UniversitySaint Vincent CollegeSeton Hill UniversitySusquehanna UniversityThe Restaurant School at Walnut Hill CollegeThiel CollegeValley Forge Christian CollegeWashington & Jefferson CollegeWestminster CollegeWidener UniversityWilkes University
Wilson CollegeYork College of Pennsylvania
Rhode IslandSalve Regina UniversitySouth CarolinaCoker CollegeConverse CollegeLimestone CollegeSouth DakotaAugustana CollegeTennesseeCumberland UniversityJohnson UniversityLincoln Memorial UniversityTennessee Wesleyan CollegeTrevecca Nazarene UniversityTusculum CollegeUnion UniversityWatkins College of Art, Design & FilmTexasAustin CollegeHouston Baptist UniversityHuston-Tillotson UniversitySchreiner UniversityUniversity of St. ThomasUniversity of the Incarnate WordUtahWestminster CollegeVermontGreen Mountain CollegeSaint Michael's CollegeSouthern Vermont College
PARTICIPATING SCHOOLS (as of September 2012)
VirginiaBridgewater CollegeEastern Mennonite UniversityEmory & Henry CollegeFerrum CollegeHollins UniversityRandolph-Macon CollegeVirginia Intermont College
WashingtonPacific Lutheran UniversityWest VirginiaAlderson-Broaddus CollegeBethany CollegeDavis & Elkins CollegeSalem International UniversityWest Virginia Wesleyan CollegeWheeling Jesuit UniversityWisconsinAlverno CollegeBeloit CollegeCardinal Stritch UniversityCarroll UniversityConcordia University WisconsinEdgewood CollegeLakeland CollegeLawrence UniversityMarian UniversityMilwaukee Institute of Art & DesignMilwaukee School of EngineeringMount Mary CollegeNorthland CollegeRipon CollegeSaint Norbert CollegeSilver Lake College
• Chaminade University - Applicants must be admitted unconditionally.
• Rochester Institute of Technology - Tuition Rewards divided equally over 5 years of undergraduate education
• Colleges are added on a regular basis
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.
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.
8400 W 110th StreetSuite 220
Overland Park, Kansas, 66210913-451-2724
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
