The emergence of children's education insurance enables insured children to reserve a sum of money at every specific stage of their lives, which reduces the financial burden of parents and fully reflects their care for their children.
Buy education fund insurance:
Before buying children's education funds, parents should first check whether their protection is comprehensive enough. If it is not comprehensive enough, they should buy more complete insurance for themselves first. Since parents are the greatest protection for children, it is necessary to protect parents first, and then consider buying children's education funds for children. The advantage of this is that if parents have an accident, they can get an insurance money, which can guarantee their children's basic life in the future and generally meet their future growth and educational needs.
If parents have been fully protected, they can consider buying an education fund for their children. Because the essence of education fund is saving, compared with other investment and financial management methods, the stability and security of education fund are very good. Now many insurance companies have launched children's education fund products, and everyone can choose freely.
Because the higher the amount of insurance, the higher the premium to be paid, so it is generally only necessary to purchase the amount of insurance equal to the total estimated future education expenditure. After setting the insurance amount, you can formally choose the education fund products.
Benefits of education fund insurance:
1, "premium exemption" function The so-called "premium exemption" function means that once the insured's parents encounter misfortune, death or total disability, the insurance company will waive all unpaid premiums and their children can continue to receive protection and assistance.
2. The function of compulsory savings Parents can choose the type and amount of insurance for their children according to their own expectations and their children's future education level. Once the education insurance plan is established for children, they must deposit the agreed amount every year to ensure that this savings plan can be completed.
3. Education fund insurance has the function of insurance protection, which can provide protection for the insured and the insured in terms of illness, accidental injury and high disability. Therefore, once the insured suffers from illness or accidental death and high risk of disability, the insurance company will waive the insurance premium that the insured should pay in the future, which is equivalent to the insurance company paying the insurance premium for the insured, and the original rights and interests of the policy will remain unchanged, and the children can still be provided with future education expenses.
4. Education insurance also has the function of financial dividend. It can resist the influence of inflation to a certain extent. Generally, it is paid by installment, and the payback period is longer.