Looking at the essence through the phenomenon is actually annuity insurance, which belongs to a kind of financial insurance.
Let's take a look at the introduction of education funds in the market:
Since the baby is 0 years old, the payment is 10 years, and the annual premium is 14260 yuan. From the age of 18, the child begins to go to college and returns 20,000 yuan every year until he is 24 years old. When the child reaches the age of 25, he can receive a one-time survival allowance of 80,000 yuan, and the contract is terminated. This introduction is quite typical. First, invest money according to the agreed number of periods, that is, we pay the premium at one time or on a regular basis;
Then at an appropriate time, the products will return a certain amount of money to you as agreed, and some products will also receive dividends.
Therefore, although education fund insurance is called "education fund", it does not mean that this money can only be used to pay for education. The insurance company actually has no restrictions on the use of the returned money.
The advantages and disadvantages of education fund insurance are actually obvious.
Advantages: high certainty and security, which can lock the future money in advance and facilitate the fund arrangement;
Disadvantages: compared with other investment projects, the income is not high; Moreover, the liquidity is poor, and if you need to use money to surrender your insurance midway, there will be relatively large losses.
Do you want to buy education insurance?
Back to my classmate's question, should I buy one for my child?
Combined with the above, we can also ask ourselves:
Do you want to buy a long-term investment product with low risk and low return?
Jian Baojun suggests that you judge whether you meet these two conditions before considering insurance:
First, family security has been achieved, which is what we have always emphasized. Safety is the foundation of financial management.
Second, I have more spare money on hand, so I won't need it in the short term. I want to diversify my investment and reduce my risk.
Due to the financial nature of education fund insurance, the premium is generally more expensive. If you don't have much money, the economic pressure after buying education insurance is still quite great, especially if you haven't bought insurance yet.
Relatively speaking, education fund insurance may be more suitable for people with the following conditions:
1. Future income is uncertain.
In the first case, the family income is uncertain.
For example, some couples start a business and their future income is uncertain;
For example, parents who give birth late, when their children need money, it is just the time when their parents' ability to make money declines;
At this time, you can consider using the education fund to lock in the future funding needs for your children in advance, and let yourself feel at ease from the perspective of financial management.
Of course, if you can persist in saving money and put it in low-risk investment products, the effect is similar, but the liquidity of money is higher.
I can't save money at all.
Let's look at the second situation, that is, the family of the moonlight family.
This sentence is estimated to have hit many mom friends. Some families have high incomes, but they find that they can't save money at all, let alone get higher financial returns.
The most important thing to buy education insurance at this time is its compulsory saving function.
3. The family structure is very complicated
Finally, I think it is more suitable to consider the situation of education fund insurance, especially for families with complex structures, such as remarried families.
Because there may be some factors that we can't control and influence artificially, as parents, we still want to give our children the most secure future anyway, and education funds are also worth considering.
To sum up: although the income of education gold insurance is not high, the cash flow is very certain, and this certainty is very valuable in the above three specific scenarios.
In the face of numerous dazzling propaganda of education insurance, how to choose so as not to fall into the pit?
Let's simply filter in three main directions:
1. Look at the income level
The yield is undoubtedly a key point. After all, the reason why many people were initially attracted was the double income of product demonstration.
Everyone has a yardstick to measure income level. Here I just want to remind you of two points:
0 1. The income level can't just depend on how much money you get back. It depends on when we can get the money.
Think about it, if you deposit 654.38 million yuan in the bank, there will still be a lot of interest after five years. The value of 65438+ ten thousand yuan now is different from that of 65438+ ten thousand yuan five years later. The sooner you get it, the more valuable it is.
02. Some income certificates include dividends, but dividends are usually not guaranteed.
Don't buy education insurance with full expectations, and finally find out that it is not the case when you get the money.
2. See if the cash flow matches the demand.
This is easier to understand.
If you want to prepare a study abroad fund for children after 10 to go to college, it is definitely not appropriate to choose the education fund insurance that will be returned after 15 years.
3. Separation of safety and financial management
As mentioned earlier, education fund insurance is a financial insurance, and it has no guarantee function. Wouldn't it be perfect if an education fund insurance also includes serious illness and accident liability?
Actually, not necessarily.
You know, this kind of packaging is often for the purpose of sales.
Insurance products themselves are quite complicated. If multiple functions are mixed together, it will be more difficult for people without professional knowledge to make accurate judgments. They may buy in a muddle and end up spending a lot of money.
Therefore, I still suggest that the protection belongs to the protection, the financial management belongs to the financial management, and the products I buy are clear and clear.