During the past 20 years, college costs have risen more than twice the rate of inflation. For many of us, paying for a child’s education will be one of the largest expenses we’ll incur in our lifetimes.
These materials are designed to help determine how much to save and how to start the process of saving through a Pacific Life Funds 529 Plan. Working with your financial professional, create a savings strategy that works for your family today and in the future.
The Pacific Life Funds 529 College Savings Plan (MT) is approved and issued by the state of Montana and offered through the Montana Family Education Savings Program (MFESP).
Investors should carefully consider the risks, charges, and limitations of a 529 College Savings Plan. This and other information are in the Pacific Life Funds 529 College Savings Plan (MT) Plan Description Handbook and the Pacific Life Funds prospectus that should be read carefully before investing. The program, the principal, and the returns of this 529 plan are not guaranteed or insured by the state of Montana, Pacific Life Funds, Pacific Life Insurance Company, or College Savings Bank. For residents of states other than Montana, their state may offer state income tax benefits not available through an investment in the Pacific Life Funds 529 Plan (MT).
Withdrawals for expenses other than qualified higher-education expenses are subject to income tax and an additional 10% federal tax penalty on earnings. Montana residents have the option of purchasing a Pacific Life Funds 529 Plan (MT) at net asset value. Neither the state of Montana, Pacific Life Funds, Pacific Life Insurance Company, College Savings Bank, nor their representatives give tax or legal advice. You should consult your tax advisor and attorney regarding your specific situation.
Values will fluctuate, and when redeemed, the shares may be worth more or less than the original cost. Changes to investment options may be elected once per calendar year or upon a change in the designated beneficiary. For purposes of the investment change rule, all accounts maintained for the same designated beneficiary will be aggregated.
Pacific Life Funds 529 College Savings Plan (MT) is underwritten and distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC, registered with the MSRB), a subsidiary of Pacific Life Insurance Company, and is available through licensed third-party broker/dealers registered with the MSRB.
