Is it necessary to buy education insurance?
It is necessary to buy education insurance. Here are ten reasons to buy education insurance:
First, risk transfer ensures the stability of family life: if a child is born soon, insure him with a child insurance policy, which will be the best gift for him as an adult. Children still have a long way to go from stumbling to walking steadily. Parents may not be able to take care of their children all their lives, but they can use life insurance to convey their endless love for their children and help them tide over every difficulty.
Second, the premium is cheap: the accident probability of children is lower than that of adults, and the premium is naturally low. The younger, the more cost-effective the premium.
Third, there are great opportunities for underwriting: the older you get, the more problems you have. Childhood diseases sometimes affect the future. Early insurance can avoid being charged or refused insurance.
Fourth, establish a good long-term plan: educate children to understand the projects and advantages of life insurance as soon as possible, and instill a good risk management concept.
Fifth, reduce the burden on children in the future: when children are adults, insurance benefits have expired, and they can have multiple guarantees without paying premiums.
6. Establish an education and entrepreneurship fund: provide education, entrepreneurship and marriage funds according to the different growth stages of children in high school and university.
Seven, tax planning: life insurance has the right to save taxes.
Eight, the insurance payment is completely tax-free: the tax law stipulates that the insurance payment of life insurance is exempt from all kinds of taxes.
9. Transfer property to children: transfer property to children's names by helping them buy life insurance.
Cultivate children's sense of responsibility: cultivate children's good values and help share insurance premiums when they grow up to cultivate a sense of responsibility.
What are the characteristics of education insurance?
1 Children's education fund insurance has premium exemption function. The so-called premium exemption means that once a child's parents have an accident that leads to death, total disability or serious illness, the insurance company can waive the remaining premium, and the insurance contract is still valid, and the child can continue to receive protection.
2. It has the function of compulsory saving. Parents can choose insurance and the amount of insurance they need to pay according to their expectations of their children and the level of education their children may receive in the future. Once you start buying, you should deposit the agreed amount every year, so as to ensure the smooth progress of this storage plan.
3 Some products have dividend function. Children's education insurance can resist the pressure of inflation to some extent. It can be paid in installments, so the payback period is relatively long. Education insurance is collected once a year or several years. In addition, some insurance is a one-time return, and the return time is usually when the child graduates from college or high school.