It's never too early to get a head start on your child's future. A tax-deferred 529 college savings plan helps you pay for things like tuition and housing when the time comes — and it may only take $15 to start. You can also use these funds for K-12 private schooling.

Explore the key benefits of 529 plans or contact an Allstate Personal Financial Representative to learn more.

Offers tax breaks
In most states, you don't pay taxes on the interest you earn, and the money is tax free when withdrawn
Covers the things you need
Pays for tuition, room and board, mandatory fees, books and supplies
Gives you education options
Can be used at most colleges, universities or technical schools, in addition to K-12 private schooling

Allows for flexible contributions
Can vary as long as they're within the minimum and maximum contribution amount — contributions can also be made by grandparents or friends
Provides investment options
Typically, you can invest in options like stock, mutual and bond funds
Doesn't expire
Change your beneficiary when you need — if the first child doesn't use it all, you could put the rest towards the second child