Parents and friends gather together to discuss the most about children, and the insurance situation of children is often mentioned here. Many parents will find that there are so many parents who buy children’s education fund insurance for their children . what is the reason? Is it necessary to buy a children’s education fund ?
What is the Children’s Education Fund ?
Education fund insurance, also known as children’s education insurance, is to provide corresponding insurance funds for children’s education needs at different growth stages. In addition to the education funds for junior high school, high school and university, the children’s education insurance currently sold in the market also includes entrepreneurial funds , marriage funds and even pension funds after retirement. From the perspective of product warranty period, it is mainly divided into lifetime type and non-lifetime type. Non-life-long education insurance is generally a real “special-purpose” education insurance product, that is to say, the return of insurance money is completely determined by the education stage of the child, usually when the child enters high school and university. At two important time points, the funds will be returned every year, and a one-time fee and account value will be returned when the child graduates from college or starts a business, so as to help the child obtain a stable financial support at every important stage of education. But lifetime child insurance takes into account changes in a person’s life.
The necessity of purchasing Children’s Education Fund insurance:
- There is no time flexibility in the cost of education required by the child
Parents all know that children have to go to school when they reach a certain age. They go to primary school at the age of 7 and go to university at the age of 18. Learning is a rigid demand for children. It is not because there is no tuition fee that the child will not go to school or be postponed, so by purchasing a school. A child’s education fund insurance can ensure that the child has enough tuition fees and will not give up learning because of lack of money.
- There is no flexibility in the amount of education expenses required by the child
For children’s education costs, the tuition fees for each stage are relatively fixed, and these costs are the same for each student. For example, if a child wants to go to college, it will cost about 40,000 yuan a year and 160,000 yuan for four years. If parents estimate that they do not have the ability to pay tuition for their children, they can purchase children’s education fund insurance in advance to help.
- The education cost required by the child lasts for a long period of time
Children start kindergarten and end up graduating from university. In the past ten years, parents have to spend a lot of money. The total amount may be more than the parents spend on buying a house. If something happens, is it possible that you can always afford your children to go to school? If you can’t guarantee it, why not buy a children’s education fund insurance, so that children can get an education fund at different stages of education as tuition fees.
- Children can enjoy risk protection
Parents know that children will face accidents and diseases. Whether the accident happens to the child or the child suffers from disease, it will have a certain impact on the family’s economy, and even make the parents destitute. Therefore, children not only It only needs education expenses, but also a risk protection, and education fund insurance can do it. It can not only provide education funds for children, but also children can enjoy the protection of diseases, accidental injuries and high disabilities.