Not only that but the use of this new fund used in the future becomes an important point why education fund must be prepared with very mature preparation from the beginning. Do not prepare a fund that is far from enough, so the child will then experience problems and obstacles in his education later.
The large amount and its use are still delayed (in the future), into two things that you should then carefully calculate from the beginning. This is the reason why some people are placing their children's education fund on certain child education insurance investment instruments that are considered able to meet the needs of these funds in the future.
The selection of investment instruments is also a matter that needs to be done carefully, considering the number of risks contained in it will affect the value of investment in child education Insurance in the future. You certainly do not want to risk the future of the child on an investment instrument that is not guaranteed and has a number of high risks, right?
 |
| Child Education Insurance |
Child Education Insurance
Over the past few years, child education insurance has become the most widely used option as an instrument to prepare children's education funds. This is certainly legitimate to do, as long as you really understand the various rules and risks contained in the educational insurance products that you make as an option. This education insurance has several different types, so it's important to recognize it well from the start before you buy one of them.
Be careful before buying, this should be used as a step in choosing a product of Child Education Insurance. Although almost all insurance companies have this service, it is certainly very important for you to choose one of the best products among the various products on the market. Children's education funding needs to be one of the most important things for the future of your child, so make sure to only choose the best and most appropriate product for him.
Check out some of the following important points, which must be understood when going to buy educational insurance for children:
1. Know the Product in Detail
Almost all insurance companies have educational insurance services, this certainly makes a number of choices. That is, out there a number of products are available with different features, so it is important to recognize in detail, to then be able to find one of the best and most appropriate products for the child's needs. At least, there are 2 types of educational insurance that you can make as an option, among others:
2. Unit Link Insurance
This type of insurance is becoming one of the most popular and widely offered by insurance companies as education insurance. Insurance that also has this investment function you can make as a choice of child education insurance, considering this insurance will indeed give a yield on some funds/premiums that will be invested by the insurance company. The benefits of insurance as well as the investment you can save by buying this one insurance.
3. Definite Benefit Education Fund
This type of education fund is a form of the education fund that has definite benefits, where the money to be received as education fund is guaranteed in accordance with the provisions written in the proposal. This is in contrast to unit-linked insurance, which basically has some risks and fluctuations in revenue in it.
Not all insurance companies have this service, one of which has this product is Manulife Insurance with Pro-Graduate products that provide education funding services to 23-year-olds. In this case, Manulife will make a cash payment to the participant in accordance with the value of the policy (guaranteed) for several years, until the participants complete the lecture.
Whatever type of educational insurance is chosen, it is very important for you to recognize the product in detail and depth, so that it can find and choose the best product on the market.
4. Know the various costs
You are also required to know the various fees charged in the education insurance that you will purchase later. Do not let the education funds run out and become incompatible with the needs in the future, just because of the considerable cost in it. It is important to make sure of this from the outset, especially if the product purchased is unit-linked insurance, which implements a number of policies and also considerable costs.
5. Understand the Risk with Exactly
In addition to costs, the various risks contained in the educational insurance products of children, you should also understand from the beginning. If buying a product in the form of investment insurance such as unit link, certainly has a number of risks greater, considering this product also has investment benefits in it.
In the investment, there will be considerable risks, even fluctuations in the value of investments that will always follow the development of existing markets. Things like this that you must understand and calculate from the beginning so that the benefits of educational insurance of children purchased later can be in accordance with the needs.
6. Adjust the Needs
Whatever education insurance product you will make as an option, make sure that the product has been in accordance with the educational needs of children in the future. This will certainly require some initial calculations/simulations so that it can find the best product that is most appropriate for those needs.
Perform this calculation well, including by comparing a child education insurance products with other similar products so they can find the most appropriate product.
Buy The Most Exactly And As You Need
Education insurance becomes one of the right ways to choose to prepare children's education fund. Although many insurance companies have this service, it is important to choose the best among the products. Recognize the product with detail, including the risks and also the benefits contained therein, so that funds for child education insurance can be prepared properly and as needed.
0 comments:
Post a Comment