Resources
The College Tuition Benefit® (CTB):
Available on all Independence products.
Saving for college is probably one of the most important financial goals families are faced with today.
With that, more employers feel a pressing need to provide benefits to help employees save for college or pay down student debt as a way to retain employees and attract new ones.
In the past 20 years, the cost of a college education has increased exponentially — the average published tuition at private nonprofit four-year institutions is $35,8301 — and it continues to grow at an astonishing rate.
The CTB Program not only provides your clients with a way to add something meaningful to their employees’ coverages — it lets you offer products that help you stand out and reach your goals.
It’s a win-win situation for everyone!
Employers get the edge to retain employees and attract new ones.
With a competitive labor market and growing concern for the financial well-being of employees, Independence’s Exclusive College Tuition Benefit® (CTB) Program is an attractive incentive for your clients. The prospect of reduced tuition, and the possibility of helping a loved one go to college, combined with high-quality Independence coverage, delivers a powerful value-added benefit for employers to offer employees.
Participation is open to everyone.
It allows employees to not only save for children and stepchildren – but also grandchildren, nieces, nephews and Godchildren too. There’s virtually no limit to whose goals they choose to support.
