One of your most important
responsibilities as parents is to ensure that your child gets the best
education that can be given. With the cost of education continues to increase
from time to time, by saving early preparation is the best solution for almost
everyone. Child education insurance products service insurance is
designed as a means of saving to provide a sum of money when your child reaches
school age to enter and / or college (ages 13, 16, 19, 25 years). Funds received
can be used to pay entry and other fees on the ladder of higher education.
Unlike the savings in a bank that has no element of insurance, with insurance
education you have the assurance that if the disaster on yourself, children's
education can be continued without hindrance.
When viewed from the type, insurance education is actually one form of the endowment insurance payment following the maturity of the child's age. Therefore, these insurance products can also have a feature not participate or participation.
Tips
on choosing an insurance education
1. Set the amount of educational funds and when it will be necessary. This will determine the amount of benefits needs maturity / death benefit and long-time policyholders.
2. Consider how much money can you set aside for your child's education. Make sure that your ability premiums affordable. The insurance premium is the money you set aside a regular basis from year to year. This is a long-term process. Therefore, you must be realistic in assessing your ability based on your income and current expenditures. If you start with the premium exceeds your ability, you may eventually have to discontinue the policy in the middle of the road and will suffer financial losses. So, should start with a small amount. You can increase the sum insured and premiums you later when your skills have increased. As a simple rule, your premiums should not exceed 10% of your income.
3. Choose a policy that gives you flexibility so you can gradually increase the savings in the future. When you plan your child's education abroad, should you choose a policy in nominal dollars or euros, or at least a policy that can change the currency.
4. Do not add unnecessary coverage. Many insurance policies also offer educational supplemental insurance such as hospitalization and surgery, or critical illness. However, be wary of adding another insurance coverage because it can affect the amount of your savings.
1. Set the amount of educational funds and when it will be necessary. This will determine the amount of benefits needs maturity / death benefit and long-time policyholders.
2. Consider how much money can you set aside for your child's education. Make sure that your ability premiums affordable. The insurance premium is the money you set aside a regular basis from year to year. This is a long-term process. Therefore, you must be realistic in assessing your ability based on your income and current expenditures. If you start with the premium exceeds your ability, you may eventually have to discontinue the policy in the middle of the road and will suffer financial losses. So, should start with a small amount. You can increase the sum insured and premiums you later when your skills have increased. As a simple rule, your premiums should not exceed 10% of your income.
3. Choose a policy that gives you flexibility so you can gradually increase the savings in the future. When you plan your child's education abroad, should you choose a policy in nominal dollars or euros, or at least a policy that can change the currency.
4. Do not add unnecessary coverage. Many insurance policies also offer educational supplemental insurance such as hospitalization and surgery, or critical illness. However, be wary of adding another insurance coverage because it can affect the amount of your savings.
By knowing the
tips on choosing insurance education, hopefully you are not wrong in choosing
an insurance education product, which is appropriate for your finances and your
child's future.
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