Is education fund insurance worth buying?
In fact, there are non-insurance ways to reserve education funds.
One is the familiar fixed deposit bank, which has the advantage of flexible access, but the disadvantage is that it is easily disturbed by external factors, such as inflation, consumer temptation, personal risks and so on. And it is easy to interrupt halfway, and there is no way to force the investment in education funds.
The other is the fixed investment of the fund. Investors need to have certain investment knowledge, which has certain risks. There are cases where the fixed investment is suspended or terminated due to the limited issuance scale or investment failure, and it is also vulnerable to personal risks. I was interrupted halfway.
Although education fund insurance is also an investment method, it has obvious advantages and is more worth buying than fixed deposit banks and fixed investment funds.
1 has no time elasticity. Children have to go to school when they reach a certain age, and they can't postpone it because the tuition is not enough. Education fund insurance will pay the corresponding insurance premium within the agreed period of time to provide educational security for children. ?
2, earmarking. Education fund insurance will set up a special account, just like the personal pension insurance account used in retirement planning, which can be used for special purposes to ensure the completion of the education plan.
3. Give consideration to the safeguard function. It can provide protection for the insured and the insured in terms of illness, accidental injury and high disability.
What are the classifications of education fund insurance?
Judging from the guarantee period of products, education fund insurance is mainly divided into life-long and non-life-long types.
1. Non-life insurance: This kind of insurance is a real "special fund" education fund insurance product. In other words, the return of the insured amount is entirely based on the child's education stage. Usually, the insurance money will be returned every year at two important time points: the child enters high school and the university, and then the expenses and account value will be returned in one lump sum at the stage of the child's university graduation or entrepreneurship, so as to help the child get a stable financial support at every important education stage.
2. Lifelong insurance: This kind of insurance usually takes into account the changes in the life of the insured and involves all aspects of the life of the insured's children. The education fund insurance is only one of the issues to be considered.
How to buy children's education fund insurance?
Choosing education insurance for children should be considered comprehensively according to the actual situation of the family and the future education level of the children. If economic conditions permit, do you want to provide lifelong protection for your children or consider it from the perspective of investment and financial management. If the economy is average and the conditions are limited, you should only consider providing protection for the education of your children in the future. It is recommended to grasp the following five points when purchasing:
First, know what you can do.
As far as buying insurance products is concerned, parents need to do what they can, and the premium can be controlled between 10%- 15% of the annual family income, otherwise there will be a relatively large economic burden.
Second, we should increase medical insurance.
For children with incomplete growth and development, families with average income should make medical preparations for their children. At present, most of the education fund insurance will be supplemented by children's medical insurance and accidental injury insurance, so this kind of insurance can be considered as much as possible.
Third, buy as soon as possible.
Generally speaking, it is most appropriate for parents to take out insurance before their children are five years old, because the earlier they take out insurance, the more education funds they accumulate, the less fees they need to pay each year, and the earlier they are guaranteed. For example, if you buy the same insurance, you have to pay the same fee every year. If you are insured at the age of zero, you will eventually get twice as much education money as when you are insured at the age of six.
Fourth, premium exemption is very important.
When purchasing education fund insurance, parents should try their best to choose products with premium exemption clauses, so that even if the insured loses the ability to pay premiums due to serious illness or accidents during the payment period, the insurance contract is still valid and the expenses required for children to go to school can still be guaranteed.
Which is better for education fund insurance? The first choice for attracting investment
It is understood that almost every life insurance company has launched education fund insurance, and the product features and coverage are different, so people often encounter trouble when choosing. I recommend an annuity insurance to protect the future education of China Merchants Cigna, which has obvious advantages compared with other insurances. How about China Life? I just sorted out the relevant contents, hoping to help you: How about China Life? Do you have any insurance recommendations?
First of all, it is not only an education fund, but also guarantees 30 major diseases. You can get four times the basic insurance amount. Children aged 65,438+08-265,438+0 can get 30% of college education expenses every year, and children aged 22-24 can get 60% of further education expenses every year. Until they are 25 years old, they can get 65,438+000% when they get married or start a business.
Secondly, major diseases can also be exempted from paying residual insurance money. If, during the payment period, the insured dies unfortunately, is completely disabled or suffers from serious illness, the insurance company will be exempted from the remaining insurance money, and the children will still enjoy insurance protection; Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China
Third, enjoy extra dividends every year. While enjoying comprehensive protection, the insured also enjoys a part of cash income and can accumulate interest;
Fourth, there is protection from death. If the insured dies unfortunately within the insurance period, the insurance company will return the premium paid to the beneficiary of the policy as death insurance;
Fifth, the insurance policy can be paid by loan. If parents are in urgent need of money, they can apply for a loan by using the policy, and apply for a loan with a maximum value of 80% of the insured cash value to pay the insurance expenses.
Education fund insurance purchase instructions
1, the guarantee period is not too long. Generally speaking, choosing education fund insurance to protect children at the age of 25 can meet their educational fund needs. The guarantee period of life-long products is too long, and no one knows what will happen during this period, and the risk is too great. Moreover, the premium is too high, which is easy to cause an excessive economic burden.
2. The guarantee should be all right. When many parents buy education gold insurance for their children, it is easy to ignore a problem, that is, forgetting or neglecting to buy accident insurance and medical insurance, which is a bit of putting the cart before the horse. Parents should pay attention to health before education, because a healthy body is the best source of motivation for learning.
3. There is liquidity risk in education fund insurance. The biggest disadvantage of this kind of insurance is poor liquidity and high premium. Because it is a compulsory savings product, once the insurance is successful, it is necessary to pay the premium to the insurance company regularly according to the contract, which is a long-term investment. If the insurance is interrupted or surrendered midway, it will cause greater economic losses.
The above is the introduction of education fund insurance. The so-called "know yourself and know yourself, and fight every battle", whether you buy insurance for your child's education or health, you should know all aspects when you buy it. Don't follow the trend or trust the insurance business casually, but have your own judgment. Of course, you need to be cautious when buying insurance. You not only need to know insurance knowledge, but also need to find a company with very good service and reputation, so as to buy the best insurance.