Client background: Ms. Cai's child 12 years old, in the fifth grade of primary school. Ms. Cai's annual income is 1.5 million, and she has enough insurance. Now she wants to buy Taibao's Zhuangyuanhong education insurance for her children, but it is not cost-effective. She hopes that her children will receive about 20,000 education grants every year when they go to college, but the total premium for buying seven copies is 1.5 million, and they will not receive 1.4 million until they are 25 years old. This kind of insurance is said to pay dividends, but there is no dividend on the Internet, and the protection is not very clear, so I would like to ask an expert from Pacific Insurance to give me an opinion. According to expert analysis, for insurance products, the income generated is concentrated in the medium and long term. For Ms. Cai's child, it is currently 12 years old. In fact, it is a bit late to use education insurance as a reserve, and it is not impossible for the corresponding expenditure to be slightly greater than the final income. Because education gold insurance is not a pure investment income, but has the function of insurance protection, such as death protection, premium exemption or dividend distribution, enjoying the special services provided by these insurance companies definitely requires a cost, so now this situation requires the insured to make a choice, and needs to choose between protection and income!

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.