What is the traditional education annuity insurance?
This is a special insurance, which only provides education funds for children and is not used for other purposes. It provides children with the education expenses of junior high school, high school and university, so that parents don't have to worry about their children's education expenses. What kind of critical illness insurance are there for children? Which are cost-effective? Which is the most worth buying? Let's take a look at 10 the inventory of children's critical illness insurance sold by major insurance companies.
Advantages of traditional education annuity insurance
1, earmarking, compulsory savings
The traditional education annuity insurance sets up a special account for children and provides education funds for children, just like what we usually call pensions, which are specially used for providing for the elderly; Like the provident fund, it is dedicated to buying a house. Parents know that their children's education costs are not low, so they should save education funds for their children, but when they save education funds at ordinary times, they can't save them. Today they want to buy a TV, and tomorrow they want to buy an air conditioner. Unconsciously, the money was spent and the education funds were gone. If you buy a traditional education annuity insurance for your child, you don't have to worry about the education fund, and you can also save money for your parents, because once this insurance is established, you need to pay the premium on time every year. If you don't pay, you can only surrender, and there will be economic losses if you surrender. So if you buy the wrong insurance, do you want to surrender it? If you surrender, why don't you lose money? Can I return the wrong insurance? How much can I refund if I surrender? How to surrender in full?
2. Cultivate children's mentality of "being prepared for danger in times of peace"
Nowadays, under the protection of their parents, most children don't know what a "disaster" is, thinking that nothing will happen in this world and everything will be smooth. In fact, parents buy education insurance, and children should know that there are many unknown changes in the future. Parents may get sick or they may get sick. Once these accidents happen, they may not have enough money to spend on education. Therefore, children should have enough funds.
Several problems in purchasing traditional education annuity insurance.
1. Add free premium function.
What is "premium exemption"? It means that when the insured dies or is totally disabled due to some circumstances and is unable to pay the residual premium, the insurance company will exempt the residual premium through the premium exemption function, so that the protection of the insurance for children still exists. Why add this function? Because this kind of insurance is a long-term investment, it takes a long time to pay the premium, and as the insured, that is, the parents of the child, there is no guarantee that there will be no death or total disability during the payment period. If it does appear, at least this insurance can provide protection for children, so that children can still have money to go to school, and parents can really have no worries.
2. The premium should not be too high.
How much insurance premium to pay depends on the family's financial situation and parents' income, but parents' income cannot be guaranteed forever. Maybe parents' income will change after two years, so don't set the premium very high at the beginning of paying this insurance, so as to avoid the phenomenon that parents can't pay the premium when their income decreases in the future.
For example, Xiao Li works in a state-owned enterprise. Before, the company's benefits were not bad. Xiao Li's monthly salary is 6000 yuan, so Xiao Li bought a traditional education annuity insurance for his children with his own salary, with an annual premium of 7000 yuan. It's only been three years, and now, Xiao Li's company is getting worse and worse, facing the state of bankruptcy. Now I can only get 10 yuan every month.
3. Give consideration to the safeguard function.
Parents should not only pay attention to their children's education, but also pay attention to their health problems. Children will get sick and have accidents. No matter what happens, they may need a lot of money to support them. Therefore, when parents buy traditional education annuity insurance for their children, they should attach accident insurance, health insurance and other insurance types to give their children personal protection.
Combined with the above introduction, I believe everyone has a certain understanding of the traditional education annuity insurance. To buy this insurance, parents should know three things: try to increase the premium exemption function, the premium should not be too high, and take into account the protection function.