Funds saved under an education IRA are meant to be used to
cover future educational expenses, such as tuition, books and uniforms at the elementary, secondary and higher education levels.
Not exact matches
So a child plan not only provides for the
expenses of the child's
future educational expenses it also
covers for the risk of the parent's life so that if the parent dies prematurely, the child's education is not affected.
There are a multitude of things that a life insurance death benefit can
cover including funeral and burial
expenses, outstanding debt life mortgage payments, income replacement for your spouse when you are no longer here, and your children's
educational future.