Then the behavior you’ve done to provide children’s education fund?
As we know at this time the cost of education of children today is fairly expensive, especially for the excellent schools. This time I will discuss about tips on choosing a child’s education insurance.
Currently, many insurance agents, not the least of them competent. But you could fail to reach the children’s education fund when you meet an insurance agent who is not competent.
This can happen due to reach the children’s education fund requires calculation. Child education insurance to make sure that your child’s school place that you want, when you are very sick, healthy or deceased.
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Here are tips on choosing a child’s education insurance
Know your insurance company
Currently insurance companies offering insurance product education of children is prudential, Allianz, Manulife, son of the earth.
Good insurance company is a company that has a healthy financial, it can be seen from the RBC (Risk Based Capital), the speed of paying claims and competent agents.
Adjust premiums to fund children’s education
One determines the amount of the premium, then your child’s education fund target is not reached. The thing to realize is the average increase in children’s education fund reaches 15-30% / year. This is not in accordance with an employee salary increases and inflation.
If your income is mediocre, you can set aside 10-20% of earnings, it is still fairly reasonable than you are not preparing children’s education fund at all.
Choose a flexible policy
Some insurance companies do not allow you to take education funding does not match the contract. It can be difficult for you if there are financial issues.