Generally speaking, you can apply for education fund insurance 28 days after birth, but generally we will suggest "insurance first and financial management later". Insurance refers to critical illness insurance, medical insurance and accident insurance. If you want to know what insurance your child should buy, you can read my previous article, which should be helpful to you: What are the good medical insurance recommendations? 20 Best-selling Medical Insurance Inventory in 2020
Education fund insurance belongs to financial insurance.
Next, I will tell the subject what an education fund is and what kind of people can apply for it.
Education fund is a kind of financial insurance, and its advantages are as follows:
① Low risk and high safety factor.
② The income level is stable.
However, the education grant also has some disadvantages:
(1) The income is low. The scheduled income is up to 3~4%, and the money earned is not much;
② Poor liquidity. The lock-up period is more than ten years, during which payment is required on time every year.
Let me talk about the general characteristics of the recommended education fund ~
① The predetermined interest rate is higher.
In order to increase the value of existing funds and ensure children's future education, this is the purpose of buying education funds. The higher the predetermined interest rate of products, the higher the actual rate of return. If you want to improve your rate of return, you can choose one-time wholesale delivery and pay early.
② Matching the education gap
The time when the future education fund can receive money should correspond to the time that education needs to spend the most.
For example, if you want to start collecting money when your child goes to college, then choose the short-term education fund to ensure that your child goes to college.
So there are so many education funds on the market, which ones can be bought? Look at this article, maybe you can get more content you want: