China people have always attached great importance to children's education, and the money spent on children is for their future. Some parents take a fancy to the education fund in order to take care of their children's education. What exactly is an education fund? What is education fund insurance?

What is an education fund?

The so-called "education fund" refers to the subsidy granted to education for a certain purpose recognized by law. Under normal circumstances, the main bodies that can donate education funds are some charities, large enterprises or companies, alumni and individuals.

Education fund insurance is an insurance product that has gradually emerged in recent years. Education annuity insurance is a kind of insurance in the form of insurance contract, which is guaranteed by users according to law and can pay education funds for children within a specific period of time. Under normal circumstances, the education annuity insurance will give a certain amount of insurance money according to the insurance contract during the period when children spend more on high school and college education. Some education funds will also provide start-up funds and wedding funds. After graduating from college, provide financial support for children at an important stage of their lives, so that children can have a brighter future.

When buying education insurance, you need to pay attention to the following points:

(1) When purchasing education fund insurance, it is best to choose products with policy exemption function.

Most education fund insurance only provides premium exemption for the death of the insured. If besides death, it also includes premium exemption for serious illness or incapacity to work, the protection of children's education fund will be better.

(b) Long-term return type is more suitable.

At present, there is a quick return education fund insurance on the market, and you can get the insurance money every year after paying the premium for several years. The insured can choose to receive it every year according to their own needs, or they can accumulate a certain amount of time. The advantage of this product is flexibility, but for families who need to provide protection for their children before 18 years old. This kind of insurance is of little significance. It has neither guarantee nor planning, and is more suitable as a tool for wealth inheritance.