Should I convert my 529 Plan into a whole life insurance policy?

I currently have a 529 plan with $25,000 in it. My college financial planner advised us to move those funds into a whole life insurance policy with a cash value feature. The idea is that this will lower our Expected Family Contribution (EFC) for college tuition payments. What are the advantages of doing this? With the amount I have saved, is it worth it?

College Tuition, Financial Planning, Life Insurance
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July 2017
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This is bad advice from a financial planner who is probably getting a kickback or commission for the life insurance policy.  You should simply keep your 529 plan and use the money in it to pay for tuition and other qualified expenses.  It will likely be used up quickly given the current costs of a college education.

July 2017
July 2017
July 2017
July 2017