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.