What is the use of education insurance for children? Parents are recommended to read this article "Want to give the best to their children, are you ready for education funds?" 》
1. What is the purpose of education funds?
1. What is an education grant?
Generally speaking, education fund is insurance for the purpose of preparing education fund for children.
Education fund is a kind of savings insurance, which not only has the function of compulsory savings, but also has a certain guarantee function. The target is mainly people aged 0 to 17.
Dad combed it carefully and summed up that the education fund has the following functions:
(1) premium exemption function
The function of "premium exemption" is that once the insured's parents encounter misfortune, death or total disability, the insurance company will waive all unpaid premiums and their children can continue to receive protection and assistance.
This function can largely avoid the inability to pay premiums due to accidents and give children a stable guarantee.
(2) It has the guarantee function of insurance.
Once the insured dies of illness or accident and has a high risk of disability, the child's education fund plan and premium cannot be retained, but the original rights and interests of the policy remain unchanged, and the expenses for future education can still be provided for the child.
(3) It also has the function of financial dividend.
It can resist the influence of inflation and interest rate fluctuation to a certain extent. Generally, it is paid by installment, and the payback period is longer. Generally speaking, the income is still considerable.