However, if you must buy an education insurance, which one is better?
What are the advantages of education fund insurance?
Education fund insurance is an insurance product aimed at preparing education funds for children. Parents set a certain amount for the future education expenses according to their expectations for the baby's future education. For the purpose of saving, they will invest a certain amount of money regularly or irregularly to establish a certain fund pool for their children.
And in what specific form does this pool of funds exist, different families can have different choices.
Can be stocks, funds, bonds, bank deposits, of course, you can also buy education insurance.
Because of the high insurance cost and poor liquidity, this fund will not be easily used to achieve the effect of compulsory savings, which can better guarantee the goal. Moreover, compared with other assets, the biggest feature of education fund insurance is certainty:
You can give specific money to specific people at specific times and in specific ways.
Therefore, using education insurance to plan education funds for children can ensure that the money is earmarked and avoid the impact of family investment failure and misappropriation of funds.
There are generally two types of education fund insurance:
1, Simple Education Fund:
Generally speaking, the payment period of this product does not exceed 15, and the insurance policy expires when the child is 2 1-30 years old. Its characteristics are as follows:
How much to pay, when to collect, and how much to collect are all set in the contract, clearly and clearly.
2. Life annuity insurance that can be reduced:
This is more flexible. If you need money to go to school, you can get part of it as an education fund by reducing insurance. If you don't need it, you can continue to put it in your account as a marriage fund and a pension for future children.
The second product, our previous article "How to choose pension insurance, which is better?" ",introduced the idea of choosing this product.
Today, I would like to introduce 1 this product, which has a clear purpose and a certain income, and is more suitable as a baby's education fund.
Which of the four education insurance assessments is better?
Primary school and junior high school belong to nine-year compulsory education, and it costs little to go to school. Although high school pays tuition, it doesn't cost much.
In the university and postgraduate stage, the required expenses will increase substantially, and if children have plans to study abroad, it is not a small sum, so these two stages are the focus of education funding allocation.
Zhi Shoujun inquired about the information, analyzed a variety of products, and found the following four excellent education insurance for comparison:
Huaxia Meng Baby Education Fund;
Ping An Ivy League Children's Education Fund;
Bohai monopoly education fund;
Mei Xin Mutual Daily Upward Child Annuity;
It can be seen that these annuity insurances are all in the age range of 18-2 1, and they can receive a sum of money every year, which is very suitable for our educational needs.
We focus on Ping An Ivy League Children's Education Fund, because this product has the exemption responsibility of the insured:
In other words, if the insured dies, is completely disabled or suffers from 80 kinds of serious diseases agreed in the contract during the payment period, there is no need to pay the premium again, and the protection will continue to be effective.
For education fund insurance, this responsibility is very friendly to consumers. Even if parents have these accidents, family income plummets and they can't continue to pay premiums, the children's education fund will not be affected.
Therefore, the longer this kind of insurance is, the better.
So, what is their real rate of return? We also made the following analysis:
Judging from the rate of return, Huaxia Mengbao and Bohai Monopoly performed quite well, with compound interest close to 4%, which is quite rare.
How to choose specifically? Zhi Shoujun suggested:
If you look at the rate of return: Huaxia Meng Baby and Bohai Monopoly are good choices;
If you take a fancy to certainty: Ping An Ivy League Children's Education Fund, both the insured and the insured can be exempted from liability, even if the insured is gone, it will not affect the baby's education fund planning;
If you want to give your baby a longer-term plan: trust and beauty, you can choose a university &; The continuing education grant program takes a long time to receive 18-24 years old;