Select Insurance Education or Education Savings?

Select Insurance Education or Education Savings?

Still remember the previous article that discussed the "Preparation for the sake Mature Future Baby"

which addresses education planning. There are many who come and ask me. whether educational planning can be done through insurance or savings education lately often offered RM bank or insurance agent?

So what's the difference these two products? Many parents are still confused by the difference between the two products.

Just as in general insurance, education insurance is one means of protection if something happens later on parents as the owner's insurance. If there is a risk to the owner's insurance, the education plan can continue to run. But to get such protection, the owner of the insurance required to pay a premium based on the option agreed in the initial contract of insurance. As an example we have Allianz insurance education which provide protection against the tuition fees your son or daughter in the form of endowment / traditional insurance. Since it can not be denied, tuition fees are now so expensive. One of the education offered insurance products provide certainty to cash will be accepted. The amount of insurance money that is desired, the length of time to pay a premium and when the cash will be spent can be tailored to the needs of each customer.

The advantage the next time your son or daughter to college, you will receive the promised funds regular basis according to insurance contracts with uncertain value. Not to mention that there is a variable bonus that will be awarded in accordance with the terms and conditions that apply. But if you ever offered an insurance product education

in the form of unit linked, of course slightly different benefits to the endowment, where the cash value will be adjusted to the cash value which is formed in accordance with the current economic conditions and market benefits disbursed. Usually the settings in the form of a percentage according to the needs

each phase of education. No cash value is guaranteed. It is necessary for the proper calculation of adjusted with potential returns fundnya. As a reference yield fund owned by Allianz until 2013 are as follows:

But do not be confused to choose the type of insurance that is like, because both forms of educational insurance have protection against the educational plan for your children in the future and protection

to risk your soul. If something good happens to you happens the risk of death or permanent total disability, the insurance company will take over responsibility for the payment of premiums to the insurance contract is completed and the beneficiary will still get the cash value in accordance with the schedule of disbursements.

Unlike the case with education savings, the community is very familiar premises of this product because the process is easy. Only by opening a bank account and save regularly with the interest savings you can follow resp. Unlike the case with auransi education must pass or underwriting risk selection first. In education savings, the time period can be tailored to customers' needs, 1-20 years. Setoranpun usually start Rp100,000 per month. Usually in a RESP, no life insurance cover although the numbers are limited. And if there is a risk of death or permanent total disability before the commitment expires, the bank will take over. But seen from the yield,

education savings typically average only

a yield of 2% -4% per year, this figure is certainly not far from a regular savings that might be difficult to keep pace with the rate of inflation.

Back again, where the best products, customized to the needs each of you and how your investment goals. Most importantly diversify your investment over the period, the risk profile and your investment objectives. Happy Invest!

"Never depend on single income, make investment to create a second source"

 

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