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1 can avoid unreasonable consumption by parents.
Children's education insurance has the function of compulsory savings. Once the policy comes into effect, a certain premium must be paid every year or every month to ensure the smooth implementation of the children's education fund plan. Therefore, because parents need to pay this fee, they will be restrained in their usual expenses and will not spend it indiscriminately. Buying some non-essential items will reduce some extra expenses. Annuity insurance product information
2. Cultivate children's financial management concepts.
Every year, children receive a lot of lucky money, and they can negotiate with their children to buy education insurance with this lucky money. Let children participate in every link of buying insurance and let him know how to save money, spend money and save money. After the child enters junior high school, the insurance company will pay the education fund according to the contract, which can explain to the child why he can get the money. There are also his contributions to make him realize the value of spending money and cultivate a correct concept of financial management for him.
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3. Benefits of tax exemption
Because the child's life is very long, parents are unlikely to stay with the child all the time. In the process of children's growth, if some accidents lead to death or total disability and lose their ability to work, there will be no economic source at home. If the children's education insurance is purchased before this, the insurance company will waive the remaining unpaid premiums, and the policy will still be valid, so that the children will not drop out of school because they can't afford the tuition fees, and parents will not feel guilty.