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Yes, education savings similar, but not identical risk and insurance education and the various advantages . Here is the difference !
Education insurance is a contract between the insurance company and you as a parent that says you agree to pay a periodic premium to the insurance company . Later, you will get a certain amount of education funds from the insurance company when your school-age child in accordance with the level of education . If risk of death in the cause of your insurance premium payments suspended child education is not got the funds in full , then the insurance company guarantees education funding will still give . Taking the average level of insurance you take out life insurance at the same time to save money at the same time . For parents who want to buy life insurance and education fund insurance products unique children 's education to be effective in preparing children's education fund .
While education savings , contract between you as the parent bank to debit the agreed sum of money on a regular basis from your account to deposit the children's education savings account . The proceeds of regular savings deposit investments that can be taken by the time the child goes to school age in accordance with the level of education . Education savings protection benefits , such as life insurance are also usually predict the risk of interruption of regular savings deposits as a result of death .
There is a fundamental difference in the two , but from your perspective , the two products have the same system : investing on a regular basis and at the same time protect them against the risk of death with life insurance .
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