The importance of education Insurance

According to its function, education insurance is for protection. The owner insurance is the father or mother. The owner is required to pay insurance premiums in the amount and time of your choice.

The advantage, the owner of the insurance will get funds every time children enter new education, elementary, junior high, high school, and college. In addition, insurance funds will still be given if the owner dies without paying a premium again. Instead funds withdrawn prematurely will be subject to a penalty, is required to pay a certain amount.

When did you start this insurance? Preferably from an early age. You can start this insurance program since the 0-year-old son because the premium paid can be cheaper than if you follow the insurance when the child is older, the premium to be paid will be higher. Age children to a maximum of 12 years and the age of the parents is also a determining factor the amount of premium.

You then call the insurance company. Then, based on your plan, the insurance company will calculate how much money is needed for each level of education. From there, it can be concluded how much premium to be paid every month. The insurance company will also calculate the funds collected with a specified premium.

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