The advantage of children's education fund is that it has both savings and security functions. Under normal circumstances, the insured can not only pay a certain amount of education money on schedule after a certain age, but also provide the insured with the advantages of accidental injury or illness death and exemption from death or high disability premium.
The children's education fund also 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 fails to complete the children's education fund reserve plan due to illness or accidental death, high disability and other risks, 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 remain unchanged, and the future education expenses can still be provided for the children.
At the same time, the education fund also has the functions of financial management and dividend distribution, which can resist the influence of inflation to some extent. Generally, it is paid by installment, and the payback period is longer.
According to a domestic statistical data, the education funds for children's study account for about 30% of the total family expenditure, and some families are even higher. Moreover, in recent years, tuition fees have risen year after year, which has become a heavy burden for some families. And if you buy an education fund for your child, the situation will undoubtedly be much better. Moreover, relevant data show that the earlier you buy, the better.
The above is my answer to whether the children's education fund is worth buying, and I hope it will help you.
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