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  • 529 SAVINGS PLANS
    State-administered plans designed to encourage households to save for college education. Named after a part of the Internal Revenue tax code, these saving plans allow earnings to accumulate free of federal income tax and sometimes to be withdrawn to pay for college costs tax-free. There are two types of plans: savings and prepaid tuition. Plan assets are managed either by the state’s treasurer or an outside investment company. Most offer a range of investment options.

 

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Insurance Glossary is Owned and Copyrighted by the Insurance Information Institute.
Brouwer Hansen and Izdebski Insurance Associates Uses This Glossary By Permission.

 
 
 

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Important Note: This website provides only a simplified description of coverages and is not a statement of contract. Coverage may not apply in all states. For complete details of coverages, conditions, limits and losses not covered, be sure to read the policy, including all endorsements.

 
 
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