These plans are meant to help you save for many different forms of education. Some versions allow you to lock in current tuition rates. Others provide tax-advantaged savings on contributions and withdrawals for education-related expenses.
It's always useful to learn a little more. Take a look at these helpful links.
Securities offered through properly licensed registered representatives of NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency and a New York Life Company.
About risk: There are risks involved with investing in any such products, including the possible loss of principal. Investors should be willing to accept a high degree of volatility and the possibility of significant losses.