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Rochester, Michigan · Oakland County

Rochester families are squeezed between college and retirement.

Rochester and Rochester Hills households hit a specific decade: kids approaching college at exactly the moment retirement stops being abstract. Every dollar gets claimed twice, the 529 competes with the 401(k), and the default answer — save harder — ignores that the structure of the savings matters as much as the amount.

CentraLife works with Rochester families on designs that do double duty: cash-value policies whose funds can be borrowed for tuition without the penalties and aid-formula impact of retirement-account withdrawals, then keep compounding for retirement afterward. One asset, two jobs, no IRS age gates.

Asked in Rochester

Local questions, straight answers.

Yes, with the right design and timeline. Policy loans have no age restriction and no 10% penalty, and life insurance cash value is not counted as a parental asset on the FAFSA — unlike 529 overflow or taxable brokerage accounts. It requires funding the policy years ahead, which is why the conversation should happen when kids are young, not at acceptance letters.

Talk to an advisor who works where you live.

  • Free 30-minute assessment — in person or by phone
  • Review of existing policies, 401(k)s, and pensions included
  • Headquartered at 290 Town Center Dr, Dearborn, MI 48126
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