The best financial plan for financing a child's college education requires:

Question

Quizplus · Accepted Answer

A savings plan is important to accumulate the necessary funds for a child's college education. However, unforeseen circumstances like the death of a parent could disrupt the plan. Therefore, premature death protection is also necessary to ensure that the child's education is not compromised in case of an unfortunate event. Hence, both a savings plan and premature death protection are the best choices for financing a child's college education. A 401(k) plan is not relevant to this specific goal.

The Best Financial Plan for Financing a Child's College Education