How to reserve university fees? First choice of education fund and old-age security
1. Bank savings
Bank deposit is the safe way that most parents choose. Generally speaking, parents in China will help their children to deposit the lucky money they receive every year in the bank, which is very convenient for education savings and current or time deposits. According to the experience at home and abroad, the growth rate of university tuition will still be much higher than the national average income growth or inflation rate. In some areas, such as Canada, in the past few years, the growth rate of university education expenses has even exceeded the local inflation rate by more than twice. Therefore, parents should fully consider the inflation factor when planning their children's college tuition.
2. Education grant donation insurance
Education and old-age security is to provide education funds for children's growth and education at all stages, and at the same time provide insurance for death protection. At present, there are three main types of educational old-age security in the domestic market:
1. It only provides education expenses for junior high schools, senior high schools and universities, and it is pure education fund insurance;
2. Providing education expenses at a certain stage, such as during college, mainly in the form of additional insurance;
3. In addition to providing education expenses, it also provides expenses for starting a business and getting married.
Education and old-age security has the functions of earmarking and premium exemption. If the purchased products have the dividend function, they can also fight inflation. In addition, some also provide sickness and hospitalization security, which are functions that bank savings do not have.
To sum up, there are two ways to reserve college education expenses: bank savings and purchasing education funds from old-age security. Education fund insurance can not only fight inflation, but also provide protection for children's healthy growth. Parents are advised to give priority.
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Education fund insurance is the insurance for storing education expenses for children. With the increase of education cost, more and more parents will insure their children with education fund insurance. Another reason why education gold insurance is favored by parents is that it has the function of premium exemption, that is, if parents are unfortunately dead or seriously ill and unable to pay the remaining premium, they can be exempted from the premium, and the child protection will not be affected.