What about the education grant? Is it worth buying? Next, Senior Sister will lead you to learn more about the education fund.
Anxious friends and seniors have put the short version of the article here:
Is it necessary to buy education fund insurance? How to choose the right product? 》
1. What is an education fund? Is it the same as annuity insurance
Education fund is also called education insurance, education fund insurance, or children's education insurance. Children's education insurance is direct insurance based on the principle of raising education funds for children.
Education fund is a kind of annuity insurance, and market factors cannot affect the stability of interest rate, which belongs to a kind of compulsory savings.
Education funds also reflect the effect of compulsory savings and have a certain sense of security. As long as you have idle funds, you can buy annuity insurance at present, so that you can prepare a sum of money for your child's future education in advance.
You can understand that the education fund actually belongs to the children's annuity insurance.
As a member of annuity insurance, the most prominent feature of education fund is that it can maximize the income without any risk.
However, there is no difference between education fund and annuity insurance, but not all products are worthy of our attention.
I hope to avoid the pit of friends and advocate reading this article:
Learn this trick and stay away from the 99% pit of annuity insurance.
In this case, do you still need to buy education funds for your children? Let me take my time.
Second, do you need to buy an education fund for your child?
Most parents are very strict about their children's academic qualifications. More than 90% of the middle class want their children to have a bachelor degree or above, and 62% of them want their children to have a master's degree.
There is nothing wrong with the idea of making children become talents now, but education expenditure will increase with the improvement of academic qualifications.
Have parents made a good reserve of education funds?
As long as parents have such requirements for their children, the cost of children's higher education should also be reserved as soon as possible.
Although the method of putting money in the bank is steady, the income is very low; If you sell your money to stocks or funds, you may lose everything after one or two big drops.
Therefore, the education grant is really very important to us.
Education grant is almost risk-free, so you don't have to worry about "having a meal", because education grant can provide a stable cash flow and provide sufficient protection for children's education expenditure.
So it is necessary for parents to buy education funds for their children.
So how do you buy an education fund? Please see the key explanation below.
Third, how to buy an education fund?
We can start from these aspects when choosing education funds.
1, certainty
The so-called education fund is a fixed expenditure at a fixed time. It needs to receive a fixed education fund within the agreed time to pay the children's education expenses normally.
Therefore, a satisfactory education fund product, the rule is to pay for a school-age child, and the amount of payment is guaranteed.
2. Selection of payment term
Friends should pay attention to the payment term when buying education.
People with fixed income can choose to pay for a longer period of time to reduce the burden on their families.
If the person with high income is not stable, it is suggested to choose a shorter payment period, such as batch payment, which can better plan the cash flow.
3. Choice of additional risks
Many education fund products contain additional risks, almost all of which are health insurance, such as critical illness insurance and medical insurance.
At this time, senior sister suggested buying pure education fund products without extra insurance.
The purpose of buying an education fund is to earn income. Many products choose this way to cover up his low income and fool us by attaching personal protection that has no practical effect. Everyone should be alert to these products.
If you pursue protection, you would rather buy those personal protective products for your children, because the protection of such products is actually wider.
Before buying education funds, we must first deal with the protection of children.
"Security first, then financial management" is actually the best path. As a kind of financial insurance, education fund is very suitable for those children who have bought personal protection.
Only by doing a good job of risk barrier can we manage our finances with confidence.
On the other hand, there are many kinds of financial insurance, not just education funds. Interested friends can check the details here:
Top ten wealth management products worth buying in 2023! 》
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
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