Education Insurance: ready umbrella before it rains

Indeed, to get a quality education necessary funds are not small. Moreover, education is arguably "luxury goods" or something costly. To send their children to college need funding dozens or even hundreds of dollars.
Therefore, you should plan it in advance. Many financial experts recommend that the education fund set up as early as possible, or since the child in the womb. One way to plan for education funding is through insurance education program. This product guarantees overcome her children's education fund. That is, when children go school, you as parents should not worry because the funds are available.

The way is simple. You can just contact the insurance agent you trust to manage the education fund. Then, based on your plan, the insurance company will calculate how much money is needed for each level of education. From there, it could be concluded how much premium to be paid every month. The insurance company will also help to calculate how the funds collected by a pre-determined premium.

For example: You want to include children who are still in the womb in education insurance until the child reaches college. If your income is currently about $ 500 - $ 700 per month, assuming 10% of his children's education for insurance costs, amounting to $ 50 per month. Or about $ 600 per year.

However, if you just follow the online insurance education when the child was sitting in kindergarten or elementary school, then the premium to be paid will be higher when compared to the planned insurance since the children aged 0 years. Because the age of the child to a maximum of 12 years and age parents are factors the amount of premium.
So, the earlier the child take insurance, the premiums will be cheaper. If premium payments are considered burdensome, the insurer can change the mode of payment is through mortgage every month, quarter (3 monthly) or semester (6 months).

It is still a lot of people are allergic to hear the word insurance. Because the money is already insured could not be withdrawn at any time, such as savings. You must wait until the due date or child's school schedule. However, if you want the discipline to save money for the education of children without fear touched, insurance is the answer.

Another benefit to be had is if you as a parent dies during the premium payment, then the policy becomes free of premium. No more duty pay and permanent education fund be given as scheduled. That way, children's education remains secure until the time period that you specify. Conversely, if during the policy runs the child (insured) dies, the funds provided education remains on schedule and could be used for other purposes.

However, currently there is insurance education, whose funds can be taken at any time without penalty. Usually these funds are managed by insurance institutions, or Islamic banking. In addition, there is also a plus education insurance. So, in addition to the funds saved for education, some also set aside for children's health insurance. If at any time a child is sick, you just submit the claim and the insurance company will cover costs of treatment.