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Is it cost-effective to buy education insurance for my children?

1. The answer is yes, because to measure whether a product is cost-effective, in addition to seeing whether the price of the product is affordable, more importantly, it depends on the benefits that this product can bring to us.

Parents have been paying attention to the question of whether it is cost-effective to buy education insurance. In fact, as long as you buy the right children's education insurance product, it suits your needs and uses it in the right place, such education insurance is naturally cost-effective.

2. In fact, education fund insurance is insurance for the purpose of preparing education funds for children.

Education insurance is a savings type of insurance, which not only has the function of compulsory savings but also has a certain protection function. Although insurance premiums will be paid to the insurance company every year during the payment period, the children will get a lot of insurance funds from it.

In addition, children can be protected even if they are seriously ill. At the same time, there will be sufficient financial support for children to go to high school, college, and even start a business and get married in the future, which well protects the children's future education.

Things to note when purchasing children’s education insurance: 1. Act according to your ability. Many families now have a comparison mentality. If you purchase insurance just for the purpose of comparison, then you will not be able to play the role of education insurance well.

2. Pay attention to whether there is additional medical insurance. Many families purchase education insurance for their children when they are just born. However, children have poor resistance when they are young, so it is best to choose to include health insurance.

3. It’s sooner rather than later. Generally speaking, it’s most appropriate for parents to buy insurance before their children are four or five years old. This is because the earlier the insurance is purchased, the more education funds will be accumulated, the lower the annual payment will be, and the earlier the protection will be.

4. The most important point is premium exemption.

This is a clause that you must understand when buying education insurance, because if there is a premium exemption, even if the policyholder dies or becomes totally disabled due to an accident and is unable to pay for the child's education, the insurance company can waive the remaining premium and the child will still enjoy protection.

Four principles should be kept in mind when purchasing insurance for children: 1. Choose a qualified insurance agent before purchasing. Choosing a good agent can provide customers with professional and comprehensive services.

2. Read the insurance terms carefully and choose the insurance that is truly suitable for your children. Before purchasing, you can ask for these terms from the agents of various insurance companies, and then compare them to choose the insurance with the best price/performance ratio.

3. Keep relevant insurance certificates.

If the product expires, don’t forget to renew the policy. Although generally the insurance company will remind you to renew the policy on time when the policy expires, you should also pay attention to keep in touch with the insurance company. If you change your address, phone number, etc., you must notify the insurance company in time.

company so that both parties can get in touch.

4. Be careful when purchasing insurance.

Don’t buy it blindly on impulse. Insurance, unlike other commodities, cannot be transferred to others. Therefore, you should weigh whether you need it when purchasing to avoid wasting money.