No, 529 Purchase Protection is not an insurance policy. It is a protection product, providing specific coverage and reimbursement of Covered Taxes and Penalties resulting from IRS audits on 529 Funds spent on eligible Tuition Expenses and Non-Tuition Expenses.
Clarifying that 529 Purchase Protection is a specialized product, not an insurance policy, for covering specific 529 plan expenses.
Updated over 10 months ago