Many parents attach great importance to their children's education, and will start to prepare education funds for their children when they are relatively young, so as to meet their children's future educational needs.
For policyholders with very clear educational goals, education annuity insurance in the insurance market is a good tool that can help the majority of policyholders successfully achieve the set goals.
Of course, there are also skills in buying education annuity insurance. Here, Wutongjun will give you a detailed introduction to preparing education funds for the baby, how to operate better, I believe it will be helpful to everyone.
Many parents buy education funds blindly and without careful consideration. In fact, before allocating education funds for children, you should first configure risk protection for your children, including children's critical illness insurance, million medical insurance and children's accident insurance.
After allocating risk insurance for children, if there is any surplus in the budget, you can configure education annuity insurance for your children. In other words, buying insurance for children should be "protection first, financial management later".
When you choose education annuity insurance, you can compare it from two aspects.
1. How to receive it
The way to receive different education funds varies from product to product, and the rules for receiving them are generally designed according to different stages of education, for example, some products receive a fixed amount every year when they are due, while others are paid in a lump sum when they are due. Everyone should make a choice based on their child's education plan.
2. Income level
Education annuity insurance can help parents achieve their educational goals smoothly while helping parents earn certain financial benefits. Therefore, we must compare the annualized compound rate of return of the product and try to choose a product with a high income level.
Here, I will take some of the education annuity insurance on sale as an example to introduce the specific situation.
In the above figure, the product information of 4 types of education annuity insurance is sorted out for you.
As you can see, different products are available in different ways. For example, the first product in the picture is divided into two stages: 18-21 years old and 22-24 years old. Among them, during the period between the age of 18 and 21, the insured can receive 10% of the premium paid from the insurance company every year. During the period between the age of 22 and 24, the insured person can receive 20% of the premiums paid from the insurance company every year.
For another example, the second product in the picture only pays education funds between the ages of 18 and 21, and the amount is 5% of the basic sum insured.
In terms of income level, the four education annuity insurance products in the figure also have certain differences. For example, if a 0-year-old boy is insured, the annualized compound rate of return can be achieved separately after a one-time single premium. 367%。
After you choose the product, you can determine the sum insured based on your cash flow needs, and determine the payment method based on your income.
For education annuity insurance, it is very important to have a suitable insurance plan. Only when the insurance plan matches the actual situation can the smooth implementation of the plan be guaranteed.
Otherwise, the policyholder is likely to surrender the policy because he is unwilling to continue paying premiums, resulting in a loss of part of the premium.
Through the above content, I believe you have an understanding of how to prepare education funds for your baby. In general, the education annuity insurance underwritten by the insurance company can meet everyone's needs and help parents achieve their set goals smoothly.