This kind of insurance has a strong saving nature, and the premium of the education fund is mandatory, which can prevent some parents from spending the golden flower saved for their children because of impulsive consumption, thus saving an education fund for their children and avoiding the situation that children need money but can't get it when they are educated.
In addition, the education grant can also give a lot of protection in the process of children's growth, such as illness, accidents, medical care and so on. There is also the advantage of free premium. During the protection period, if the insured has an accident or serious illness and cannot be insured, the insurance company can waive the remaining unpaid premium, and the policy will remain valid, and the protection enjoyed by the children will remain unchanged.
It is precisely because of the strong savings of education funds that its biggest shortcoming is poor liquidity. Once there is an urgent need for money at home, surrender to the insurance company will lose part of the principal. In addition, the education fund also needs long-term payment. If the family's financial situation is not good, once the payment is interrupted, the policy will be invalid. In this case, children can't get corresponding protection.
Therefore, the education fund is not suitable for all families to buy. If you have already provided sufficient insurance for adults and children at home, and still have some spare money that has not been used for a long time, you can consider buying an education fund for your children.
In short, education fund insurance is generally guaranteed. Everyone needs to judge whether it is really necessary to buy education funds according to their actual needs and budgets, so as to avoid blindly following the trend.
If you need to buy an education fund, you can look at this policy first: How to choose an education fund? The latest list of education grants is here!
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