2. Relieve the family's economic pressure: The education fund helps to alleviate the family's economic pressure, because it can save money for children's education.
3. Saving education costs: If you start investing in education funds earlier, you can have more time to accumulate profits and help save education costs.
4. Tax incentives: In some countries or regions, there may be tax incentives for saving education funds, further reducing the economic burden.
5. Cultivate good financial habits: Through the savings education fund, you can cultivate good financial habits and teach children how to manage their finances effectively.
What are the disadvantages of buying education insurance?
1, the insurance premium of education fund is higher. If the payment is too low, it will not play the role of education guarantee. If the premium is too high, it will bring a huge economic burden to the family.
2. Under normal circumstances, education fund insurance belongs to universal insurance. Users can withdraw funds from the universal account at any time, which will cause the reserve of education funds to be very unstable. Sometimes, funds are not used to support children's education, but for family emergency.