There is nothing wrong with this idea, but parents should never buy it easily. There are many children's education fund products on the market, and there are also differences between them. Be sure to understand clearly before buying, buy education insurance easily, and be careful of being cheated.
Today, I will tell you more about children's education gold insurance.
1. What is education fund insurance?
From the perspective of insurance principle, education gold insurance is a kind of "annuity insurance".
Generally speaking, annuity insurance means that we first pay the insurance company according to a certain period of time, and then at the corresponding time or age, the insurance company starts to pay us the previously agreed amount according to a certain period of time until the insurance contract is terminated.
Education gold insurance is an annuity insurance specially developed for children's future education. In other words, now parents give money to insurance companies, and insurance companies pay a certain amount at a certain stage of their children's study.
Many products on the market are under the banner of "education fund", but in fact some are real education fund insurance and some are fake. The real education fund insurance, commonly known as "xxx children's education fund insurance", generally covers a period of no more than 30 years old, and the education fund will be paid regularly during the insured's high school, university or postgraduate period. Fake education fund insurance basically doesn't have the words "children" and "education fund" in its name, but it is attached with a universal account, and then it is said that a certain amount can be collected from the universal account every year for children's education fund. This product is not a real education fund insurance. When general insurance sales sell products to you, they all say that this product can not only provide education funds for children, but also provide pension savings, which can be collected at any time. Then this product does not belong to the special education fund insurance product, nor is it within the product range we are talking about today.
What I want to tell you today is pure education fund insurance.
2. Is it necessary for parents to buy education insurance for their children?
Insurance itself is also a financial tool for risk compensation and transfer. Whether to buy insurance products or not, or whether it is necessary to buy them, depends on what the risks are.
What are the risks of children's education fund?
1, the risk of compulsory savings.
Some parents may say that they don't have to worry about their children's education expenses in the future, and they already have deposits to protect their children's future education. But this kind of deposit is not reserved for children's future education, so there is a risk that the money will be used for other purposes. For example, the business at home suddenly needs turnover, and all the money at home is used for business turnover, and then the children just need the money to continue studying. There is no way to protect children's education at this time.
2. Risk of investment loss
Some people say that children's future education expenses are placed in the stock market. When children need to go to school in the future, it is enough to sell stocks for their children to go to school. However, the stock market is a volatile market, and we have no way to know whether the stock market will go up or down when children need money, which brings a lot of uncertainty, but the school time of children is certain and cannot be changed.
3. Risk of revenue interruption
Others say that the family income is high now, and the cost of children's education is not a problem, but no one knows when the risk will come. If the source of family income is at risk and the family income is interrupted, there is naturally no way to protect the children's expenses.
These are all risks in the matter of children's education fund. Can education fund insurance pass on these risks?
As it happens, education fund insurance is specially designed for children's education fund, which can solve the above risk points. Education gold insurance is compulsory savings, because it can only be collected after a certain period of time. If it is not collected within the agreed time, it is equivalent to surrender. If you surrender, you will lose money. If you buy education insurance, the money is equivalent to being trapped. Education fund insurance is also very safe, with high certainty and will not cause losses. At the time of purchase, it was agreed how much money the child could receive at the corresponding education stage, which is very certain. Education fund insurance can also prevent income interruption, because education fund insurance has an exemption function for the insured. If the insured has an accident, resulting in death or disability, the premium is exempted. This insurance will continue to be effective, and children can also be paid by the education fund at the corresponding learning stage.
Therefore, education fund insurance is a good way to transfer all kinds of risks in the process of education fund reserve, so it is necessary to allocate and purchase it.
Third, how to choose education fund insurance?
Pay attention to the following issues when choosing education fund insurance:
1, the sooner you buy, the better.
It will take a long time and a long period to buy when children are young, so you can save in advance and reduce the pressure of payment. If you choose lifelong children's education insurance, the guarantee period will be longer and the corresponding income will be better.
2. Is there an exemption clause?
When we choose children's education fund insurance, we should pay attention to whether the products we choose have premium exemption liability. If the children's education insurance purchased contains the exemption clause of the applicant, if the applicant unfortunately has an accident or suffers from the disease agreed in the insurance contract, the subsequent premium will not be paid, the insurance contract will continue to be valid, and the insured can still receive the education fund at the agreed time.
3. Pay attention to internal rate of return (IRR)
Internal rate of return is the rate of return of an insurance product. When we compare many education insurance products together, besides some basic functions, the most important thing is the rate of return. The internal rate of return of general education insurance is between 2% and 4%. If it is less than 3%, the product is not very good, and the internal rate of return is better than 3%.
4. It should be clear that the liquidity is poor and it cannot be withdrawn in advance.
Because the premium must be paid regularly and cannot be withdrawn in advance, the liquidity of children's education fund insurance is relatively poor. We should think carefully when choosing to buy. If we surrender later, it may cause some economic losses.
Four, the common evaluation of children's education insurance
1, Ivy Children's Annuity Insurance of China Ping An Life Insurance Company of China Insurance Company
Ivy, the exclusive insurance product for children's education of China Ping An Life Insurance Company of China Insurance Company, has a very simple form. Form of collection: the child will be refunded 18-2 1% of the insured amount every year during college; 60% of the insured amount will be refunded at the age of 22.
The amount of annuity insurance is different from that of health insurance. The amount of annuity insurance refers to the standard of returning annuity. This product can be supplemented with the exemption of the insured's serious illness/death and the exemption of the insured's serious illness.
As a product of Ping An Company, the internal rate of return of this product is slightly lower, but it belongs to relatively pure education insurance, which parents of major brands can choose.
2. Mei Xin Life Daily Upward Child Annuity Insurance.
Form of collection: when the child is in university 18-2 1 year old, he will receive 20% of the premium paid every year; 20% of the annual premium paid during the child's further study at the age of 22-24; 30-year-old one-time return expires (insured amount).
Tiantianxiangshang Children's Annuity is a popular online celebrity education gold product. During the guarantee period, the insured is over 30 years old. In fact, it doesn't matter how much the premium, insurance amount and proportion of such products are. The key point is to see what the IRR is in a certain period. Compared with Ping 'an Ivy, the IRR of mutual increase of faith and beauty is higher, which is 3.79%.
In the way of collecting this product, you can choose the monthly salary as the monthly living expenses for your children to go to college in the future, which is actually a good choice.
3. Hengan standard life dream future children's annuity insurance
Form of collection: survival allowance: 18-2 1 year, and receive100% of the insured amount every year; Due payment: one-time payment at the age of 22; 0-2 years old at the time of insurance, 65438+ 050% of the premium paid; 3-5 years old at the time of insurance,130% of the premium; 6-8 years old at the time of insurance, 1 10% of the premium paid; 9- 12 years old at the time of insurance, and 100% pays the premium;
The education fund of Hengan Standard Life is very similar to the Ivy League of China Ping An Life Insurance Company of China Insurance Company in form. IRR is also the highest among these education fund products, accounting for about 3.85%. However, the proportion of payment due is related to the age of the insured at the time of insurance, and the most suitable age is 0-2 years old.
Total disability insurance has more liability to pay compensation, but the payment of death/total disability insurance should deduct the annuity or cash value received on the basis of the premium paid, and other companies pay the premium or cash value.
4. Fosun Prudential Trustee Shouxing Baby Children Annuity Insurance
Form of collection: high school education fund: 15-17 years old, and receive 40% of the insured amount every year; University education grant: 18 -2 1 year, receiving 80% of the insured amount every year; Education fund: 22 -24 years old, receiving 100% insurance every year; Payment due: 30 years old, one-time payment 120% of the premium paid;
Star Baby Children's Annuity Insurance of Fosun Prudential Life Insurance is very similar to Mei Xin Life Insurance in form.
However, it has its own uniqueness, that is, the high school education fund. Children 15- 17 years old can receive education funds. The collection time is relatively early among similar products, which can meet the needs of many consumer groups in early collection and high school collection.
Compared with going up every day, the total fee charged at the end of the 30-year guarantee period is higher.
5. China Merchants Cigna Life cherishes the baby and child annuity insurance.
Form of collection: education grant: 18 -24 years old, and receive10% of the insured amount every year; Maturity payment: 25 years old, receive 50% of the insured amount in one lump sum;
The product form of China Merchants Cigna is very simple. In comparison, IRR is also the lowest among the basic forms. However, there are many additional risks that this product can choose, including the extra high school college education, which is actually an overpaid insurance premium. According to this additional risk, a certain proportion of the education fund will be returned during the period of 15-2 1 year; You can attach serious illness insurance, additional hospitalization allowance, additional accidental injury medical treatment, additional life of the insured, and additional exemption from serious illness of the insured.