As an insurance for preparing education fund for children, education fund insurance has both insurance and savings functions, which can not only provide education fund for children, but also provide personal protection for children and ensure their personal safety. At different stages of children's learning, education fund insurance will provide corresponding insurance money for children's learning, and some products also have the advantage of premium exemption.

So is it cost-effective to buy education insurance?

In fact, education fund insurance is not measured by whether it is cost-effective. It can only be said that education fund insurance has played a certain role and significance for different families.

1, families with average economic conditions

The premise of buying education fund insurance is to reserve education fund for children to go to school, which is not as important as accident insurance, critical illness insurance and medical insurance. After all, children's personal security is the first priority, so for families with general economic conditions, there is no surplus of family funds after improving their children's personal security insurance, and insurance experts do not recommend buying education fund insurance for their children again, because under such circumstances, reluctantly buying education fund insurance will only increase parents' economic pressure and affect their current lives. It's really unnecessary. Moreover, once the education fund insurance is established, the premium will be paid every year as agreed. During the payment period, parents are likely to be unable to pay premiums, leading to the phenomenon of surrender.

2. Families with good economic conditions

For a well-off family, the annual premium of several thousand or more than ten thousand yuan is not high. You only need to spend hundreds of thousands of dollars a month to buy an education insurance for your children, but this education insurance can bring enough "income".

First of all, it can provide corresponding education funds at different stages of children's education, and children don't have to worry about the cost of going to school, especially at the university stage, not to mention the tens of thousands of education expenses a year.

Secondly, we can also provide some personal protection for children, such as accident insurance and health insurance, to ensure their personal safety.

Finally, you can also provide "premium exemption" service, so that parents have no worries. Even if parents die or are totally disabled, this education insurance still provides children with due protection.

3. Wealthy families

For wealthy families, the premium of education fund insurance can be increased to provide higher and more protection for children, so that children don't have to worry about the education expenses of going abroad for further study or venture capital. In addition, you can also enjoy better "guarantee services". For example, an education fund insurance can provide 85 kinds of serious illness protection for children, provide hospitalization allowance for children, and add long-term accident medical insurance.

In combination with the above, we already know that it is not cost-effective to buy education insurance for children. Considering the family's economic situation, an education fund insurance is still meaningful for families with good economic conditions and rich economic conditions, while for families with average economic conditions, an education fund insurance is likely to become a burden.