Many life insurance policies offer an investment component along with
the insurance component. If you choose such a policy, you will have
access to the policy’s cash value as it accumulates. When your child
is ready for college, you can borrow against the cash value to pay education
expenses.
In addition, adequate life insurance on both your and your spouse’s
lives can ensure your children will have the needed funds for college
should something happen to either one of you.
