Child Education Insurance
As we already know, child education insurance is an insurance product intended specifically to protect children’s education funds. In particular, its function is when there is a risk to the family breadwinner that causes the family’s income to stop, such as critical illness and death, the insurer will provide a sum of insurance money that can be used for children’s education funds. Because even though, the child must continue his education.
Some Options for Child Education Insurance
Along with the development of the insurance industry, many products are circulating in the community. There are several options in preparing child education insurance which are usually recommended by financial planners:
# 1 Endowment Education Insurance
Dual-purpose education insurance is one insurance product that has insurance and savings in it. The savings in it are guaranteed. Dual-purpose education insurance can provide protection for children’s education funds in the event of a risk, and savings can be used as a fund for children’s education if there is no risk.
But you must know that the guaranteed amount of savings does not provide great results, so you must keep investing your child’s education funds in other investment instruments.
# 2 Unitlink Insurance
Unitlink insurance is insurance that has insurance elements and investment elements in an insurance product. The investment in the unit link is not guaranteed and is also used to pay for the insurance costs