What about life insurance?

Life insurance coverage on the parents should always involve a lump-sum amount for the college education of their children. If possible and appropriate, your disability coverage might include a provision for educational planning. Certain disability policies will, for a small extra premium, set aside funds contractually to help meet your educational objectives in case of your disability. It is also important to establish a trust in your will or Revocable Living Trust that provides for the education of your children and the management of your assets.