Next to buying a home, your child's education will probably be the greatest expense you'll face during your lifetime. From private grade schools to top universities, educational costs continue to increase. However, if you plan ahead you can manage the costs. It's never too early to establish an education savings program. Additionally, you should evaluate how you can protect your child's educational opportunities should anything happen to you.

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saving for education Select from the solutions on the left to learn how the MassMutual Financial Group companies can help you plan for education expenses. Whether you're planning for the higher education of a child, a grandchild, a spouse, a friend or even yourself, a 529 College Savings Plan can help you build a solid financial foundation. Life insurance provides some unique advantages as a supplement to help pay for your overall educational needs. For instance, life insurance cash values can provide one source to help pay educational expenses.1 And, if you die when your children are young, the life insurance proceeds will help assure that funds are available for their education. While investing in education is worth every penny, paying for college requires solid financial planning. Mutual funds offer the benefits of professional management and asset diversification that may help you reach your education goals. 1 Access to cash values through borrowing, partial surrenders or withdrawals can reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability.

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