April 23, 2013

Daily Archives

  • Should you use life insurance to save for college?

    10 Important Questions to Ask Before you Decide<
    By Joan Marshall,
    Executive Director, College Savings Plans of Maryland
    April 23, 2013

    For those of us who manage 529 college savings plans, this is a question that we hear from time to time – primarily when families see an ad (usually on TV) that promotes life insurance as a way to save for college.

    In Maryland, we have responded to this question by creating a chart that compares our 529 prepaid tuition plan and our 529 savings plan with one of the popular life insurance products.