First, work hard.
Parents need to do their best to buy insurance, and the insurance premium should not exceed 20%~30% of family income. Otherwise, the economic burden will be great.
Second, additional medical care.
For newborn babies, ordinary income families should make medical preparations for their children. Most children's education insurance also has additional children's medical and accident insurance, which can be considered.
Third, is it early?
Generally speaking, it is most appropriate for parents to take out insurance before their children are five years old, because the earlier they take out insurance, the more education funds they accumulate, the less they pay each year, and the faster they will be guaranteed. For example, if they take out the same insurance, they will pay the same fee every year. If they take out insurance at the age of zero, they will eventually get twice as much education fund as those who take out insurance at the age of six.
4. Insurance premium exemption is very important.
Try to buy education fund insurance products with premium exemption clauses. Even if the parents are unable to pay the insurance premium due to serious illness, accidents and other reasons during the payment period, the insurance contract is still valid, and the expenses required for children to go to school are also guaranteed.
5. There is no need to buy life insurance.
Paying the same insurance premium should have both educational function and death function. Life insurance coverage is longer and education coverage is thinner.