Hellow guys, Welcome to my website, and you are watching "Benefits of Child Education Insurance: What You Need to Know" | #insuranceworldtv. and this vIdeo is uploaded by INSURANCE WORLD Tv at 2023-03-09T23:44:55-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | "Benefits of Child Education Insurance: What You Need to Know" | #insuranceworldtv |
| Video Uploader | Video From INSURANCE WORLD Tv |
| Upload Date | This Video Uploaded At 10-03-2023 07:44:55 |
| Video Discription | @InsuranceWorldTv #insuranceworldtv FIND US HERE: https://www.youtube.com/channel/UCGTOzy5mwFZjlKqGLxOUJ2Q https://twitter.com/InsureWorldtv https://www.tiktok.com/@insuranceworldtv https://www.instagram.com/insuranceworldtv/ https://www.facebook.com/InsuranceWorldTv/ In this video, we look at children's Education Insurance Policies. These are insurance plans that provide coverage for the future educational expenses of a child. The policy has two elements, an investment element, and an insurance element. 1. The investment element These policies often include an investment element that enables insurance companies to invest the premiums paid by the policyholders into various investment instruments such as mutual funds, stocks, or bonds, among others. The investment element in an education insurance policy is designed to help policyholders achieve their savings goals by generating higher returns than traditional savings accounts. It is the investment element that guarantees payment of the purchased lump sum when the policy matures. 2. The Insurance element The insurance element in an education insurance policy is designed to provide financial protection to the insured life in the event of an early death of the policyholder. For example, if a parent who holds an education insurance policy were to pass away before their child completes their education, the policy's insurance element will continue paying the set premiums until the policy matures and, in some cases, provide a lump sum payment to the designated beneficiary. This payment could be used to cover the child's education expenses and help ensure that they can continue their studies without financial hardship. In addition to the death benefit, some education insurance policies may also offer other insurance benefits such as disability or critical illness coverage. These benefits can provide financial assistance to the policyholder if they experience a serious illness or injury that affects their ability to work and pay for their child's education expenses. It's important to note that the insurance element in an education insurance policy is subject to the policy's terms and conditions, and there may be limitations on the coverage provided. WHY PURCHASING AN EDUCATION POLICY IS A BETTER OPTION FOR SECURING YOUR CHILD’S EDUCATION THAN OTHER INVESTMENT VEHICLES The insurance element discussed above is what makes purchasing an education policy more superior plan over other forms of investments like unit trusts, bonds, etc. Here is the difference. Let's say you want to set up to have 300,000 at the end of 10 years for your child’s education and you have the power to save 2,500 shillings per month for 10 years to achieve this goal. You have two choices. Choice number one: Purchase an education insurance policy and pay a monthly premium of 2,500 shillings. Choice number two: invest 2,500 shillings every month directly into a unit trust or bond etc. Both these options could get you to your target lump sum if you are alive and continue the payments as agreed. ut, it is only an education policy, with an element of insurance, that will guarantee you or your dependents this lump sum when you are incapacitated or dead. So, if one sets up a policy or an investment towards their child’s education, then passes on after two years. Education policy will pay the entire lump sum of 300,000 shillings as agreed in the policy document, while the investment will only pay out the total amounts saved up to that point, together with the compounded interests earned thus far. "Children's Education Insurance Policy Explained: Secure Their Future" "Child Education Savings Plan: How Education Insurance Works" "Education Insurance for Kids: Ensuring a Bright Future" "College Savings Insurance: Investing in Your Child's Education" "Child's Education Funding Policy: A Comprehensive Guide" "Securing Your Child's Education with Education Insurance" "Child's Future Education Coverage: Benefits and Features" "Benefits of Child Education Insurance: What You Need to Know" "Planning for Your Child's Education: Education Insurance Tips" "School Fee Insurance: Smart Financial Planning for Parents" "Higher Education Savings: How Child Education Insurance Helps" "Financial Security for Your Child's Education: Education Education Insurance Policy Details, Children's Future Financial Planning, Saving for Kids' Education, College Fund for Children, Financial Security for Education, Education Insurance Benefits, School Fee Savings, Child's Career Goals, College Savings Strategies, Education Policy Investment, Securing Your Child's Future, Education Insurance Planning, Education Fund for Kids, College Savings Tips, Education Investment Strategies, Financial Planning for Children, Saving for Higher Education, Child Education Fund Growth, Child's Education Budgeting, Future Education Savings, |
| Category | Education |
| Tags | Smart learning | Education insurance policy | child education plan | child's education policy | education and investment policy | Education Insurance Policy Details | Financial Security for Education | Education Insurance Benefits | School Fee Savings | Child's Career Goals | Education Policy Investment | Securing Your Child's Future | Education Insurance Planning | Education Investment Strategies | Financial Planning for Children | Child Education Fund Growth | Child's Education Budgeting |
