Monica comes to your office and asks for advice about funding her three-year-old son's college education. She is considering using a 529 plan, or a variable life insurance policy, or her employer-sponsored 401(k). Your best advice to Monica is:

a) Choose the 529 plan for tax advantages in education funding
b) Opt for the variable life insurance policy for flexibility
c) Contribute to the employer-sponsored 401(k) for retirement savings
d) Diversify contributions across all three options for a balanced approach