insurance education or education savings?
Create a parent, the child is everything. Even before the baby is born anything already prepared, from clothes to the bedroom.
After a little big boy, usually the parents start to think about things that do not lose important: education. Where there are still parents who are willing nelantarin their child's education?
Parents are often faced with two choices to ensure their children's education, the education or education savings insurance. Both are indeed recommended for father-mother who wanted the child's future more secure.
Both insurance education or education savings promised sufficient funds for the education of children from elementary school to college. But each has its own mechanism.
Which is most fitting, it's the real question. You see, needs and financial ability of each parent varies. To help determine the choice, the following is a comparison of insurance and education savings:
Education insurance
Education insurance is an insurance product combined with investments (unit-linked). Therefore, the result would have funds collected from insurance education is uncertain, depending on the circumstances that affect the investment market.
It could be the result of the investment were below forecasts. It could also result well above predictions.
insurance education or education savings
Insurance education for children has been more and more, just choose which one is best for children
Insurance education often have parents who want to invest at the same time receive insurance benefits. So, there is a double benefit in sight: the results of the investment and insurance claim if something happens.
Investment in education is usually directed to the insurance fund. But, unlike a direct investment in the mutual fund investment managers, control of the funds are invested entirely in the hands of insurance companies.
Education insurance, parents as breadwinners will be the insured person. So, if a parent dies or permanently disabled so it can not anymore looking for money, the child will still receive the proceeds of the investment plus the sum insured.
Education insurance funds will be disbursed gradually in accordance with the period of the child's school. For example, when entering elementary school, junior high school, or college.
Education insurance customers must deposit money in accordance with the policy premiums each month. If you keep forgetting to deposit, the policy can be canceled and children threatened its future.
Education savings
Arguably more secure than education savings insurance education. Therefore, funds that will be collected at maturity is more certain.
insurance education or education savings
Saving a child's education should be prepared as early as possible loh!
You see, these funds are savings, not invested in unit-linked insurance kayak. That means the funds will be saved and continue to bloom until it was time taken.
On the other hand, there is the threat of inflation which erodes the value of savings. Thus, it should be ascertained was really saved funds fit with the cost of children's education in the future. That means we also have to look at the trend of inflation each year.
Depositing funds for education savings is more simple than the insurance education. You see, the funds can be debited directly from their own savings. No need to worry about forgetting nyetor for sufficient funds in major savings.
Education savings also include the insurance, but it is only as a supplement. Superior education in terms of insurance claims.
Such as their parents died when the period of education savings. Children will receive a money-saving target, but there was no money compensation insurance.
Education savings often have parents who want to focus on saving funds for education without frills investments. Because parents do not want to take the risk, although the results are less than the insurance education.
Which is the best
From the comparison of insurance education and education savings above, can be selected which one is best. The best thing here is of course referring to the circumstances of each parent.
insurance education or education savings
Whatever the choice, the main thing is we have to be a parent who cares for a child's education
But, there are some tips that can be used after determining selection:
If insurance education:
- Choose products that acquisition costs are not too high, so if the amount of deposited funds want plus (top up) the cost of top-up is small, or even zero rupiah.
- Select an existing feature premium exemption if the breadwinner (parents) are permanently unable to earn a living. Because there are also insurance education that we do not have that feature.
- Ensure that the insurance be insured in the breadwinner.
- Carefully choose a rider (rider) because there are costs that may actually undermine future investment results.
- The longer the period of saving, the higher estimates of investment returns.
If education savings:
- Choose products that provide the greatest interest.
- For starters, choose a short period for a period of savings, for example 3 years or until children enter elementary school. The point, to see if the results meet educational costs savings are estimated.
- As much as possible to increase the funds saved each year in order to keep pace with inflation.
Want to choose education or education savings insurance, which is important for us to be the parents who care for a child's education. But do not forget the wise to choose which one best suits your needs and abilities of each, yes.
Tag :
education
0 Komentar untuk "insurance education or education savings?"