For those who do not like taking risks in an effort to prepare the children’s education funds, savings are also a precise instrument. After all, savings products offered by different banks vary considerably, depending on need. There is a conventional savings, there are Islamic, and even some insurance when something happens to the depositors for a period of savings.
Insurance-term savings that accompany this type also the attractiveness of the community to become customers. One instrument that is equally attractive is the education of insurance, as follow-up in life insurance products which include elements of education savings.
For this insurance product, there is a period where we cannot disburse the fund. If in the midst of the insurance we need the money and had to be taken, the policy is over.
“One of his weaknesses, insurance premiums expensive education. If you want to fund children’s education enough, the premium can not so much for it,” said Pritchard.
Education insurance premium to be relatively high because the amount of money deposited is divided into a number of headings. The first is education funding that was ready invested.
Second is heading an emergency fund and insurance as self protection. Emergency Fund is used to increase our education fund which, if after arrival time was still less because of inflation eroded.
As for the insurance required to protect if the search revenue as a source of investment-education-suddenly cannot run the job again.
Well, congratulations to plan the cost of education for the baby!