In view of the planning of children's education funds, insurance financial experts emphasize four principles: first, it is advisable to plan as early as possible and fully enjoy the compound interest value of time; The second is to have a clear financial goal, that is, how much money children need to support education at what age, when to get the money, where to source it, and so on.
Third, from the perspective of the protection plan of the whole family, insurance should protect parents first, and then protect children. As the economic pillars of the family, husband and wife need adequate protection in accidents, medical care, major diseases, life insurance and so on; The fourth is to choose insurance products with exemption clauses.
Because the exemption clause in children's insurance stipulates that if the insured has an accident or loses the ability to pay for some reason during the contract period, the unpaid premium can be exempted, and the insurance protection for the insured is still effective, which is a unique advantage that bank deposits and stock funds do not have.
When parents choose insurance products for their children's education, they need to choose the most suitable insurance scheme according to their own situation. Financial experts pointed out that different insurance products have different insurance benefits, payment cycle, collection time and coverage.