Things to Look For in Insurance Education - Insurance one of the most popular in recent years is insurance education. As all parents are aware of the importance of education for their children, parents also ensuring the best. One such way is by choosing the right educational insurance for your child's future. This will help the planning of children's education expenses that do not receive significant obstacles. Your child can reach their goals for sure.
Not to mention we can not be sure what's going on tomorrow so that education could not be guaranteed.
We did not expect something bad will happen. However, what happens in the next day we can not be sure, begitunya the child's future. Therefore, protection planning for children's education is very important - one of which is education insurance. Well, how to choose the right insurance education for your child? Well, here are some things you should consider about insurance education. With a record, you have to distinguish between insurance and investment.
1. Decide where you would send your childBy making plans about your child's school you can know your child's school fees planning. However, do not forget to use the system Time Value of Money or the value of money over time. The definition of the system is the method you need to pay attention to value for money in the following years. Thus, the educational value of 10 million per year for this year would not be the same next year or in subsequent years. This happens because inflation at least as much as 10% for 15-16 years as an example. It was an example because it is usually in Indonesia alone 15 years experience as much as 12-15% inflation. Not to mention you have to consider that the value of education will also be higher, so that the total increase, including the possibility of inflation would be 20-15%.2. Note the value drop insurance when your child will attendYou can perform calculations on the amount of the premium you pay, and then compare it with the amount of money that you can pull your child when it's his time to go to school. Well, from there, you can consider based on the calculation of the cost of education has been made on the first point, if the withdrawal of funding education insurance offered by the insurance will be sufficient or not. Therefore, it is necessary to calculate the accuracy of what is offered by insurers. Why is that? Since most insurance provider education only illustrates the calculation based on the present without considering the value of money in the future.3. Note the withdrawal stage of education insuranceWell, this includes full well that need accuracy when choosing insurance education programs. Usually education insurance has a cash withdrawal stages. Among other things, as an example, you can only withdraw funds when in the seventh year when your child will go to school. However, the factor of the young age of the child to attend school due to the rapid development of the child should be expected. If that is the case then you would not be able to withdraw the insurance fund education. Therefore, you can try to reduce the one-year estimate of your child in school. Suppose you expect your child will go to school in year 6, it never hurts to make a withdrawal plan in year 5. Or you can be consistent to stay put when school children in year 6.Well, having regard to the above points, you can decide to choose which education insurance for your child's future. However, no need to rush to sign one also insurance education. If your income is low then you still do not need to force yourself to have insurance for your child's education. The first thing you can do is to improve your financial arrangements in advance. Well, when your income has increased and have good money management, you may consider to choose the insurance products that best education for your child's needs
We did not expect something bad will happen. However, what happens in the next day we can not be sure, begitunya the child's future. Therefore, protection planning for children's education is very important - one of which is education insurance. Well, how to choose the right insurance education for your child? Well, here are some things you should consider about insurance education. With a record, you have to distinguish between insurance and investment.
1. Decide where you would send your childBy making plans about your child's school you can know your child's school fees planning. However, do not forget to use the system Time Value of Money or the value of money over time. The definition of the system is the method you need to pay attention to value for money in the following years. Thus, the educational value of 10 million per year for this year would not be the same next year or in subsequent years. This happens because inflation at least as much as 10% for 15-16 years as an example. It was an example because it is usually in Indonesia alone 15 years experience as much as 12-15% inflation. Not to mention you have to consider that the value of education will also be higher, so that the total increase, including the possibility of inflation would be 20-15%.2. Note the value drop insurance when your child will attendYou can perform calculations on the amount of the premium you pay, and then compare it with the amount of money that you can pull your child when it's his time to go to school. Well, from there, you can consider based on the calculation of the cost of education has been made on the first point, if the withdrawal of funding education insurance offered by the insurance will be sufficient or not. Therefore, it is necessary to calculate the accuracy of what is offered by insurers. Why is that? Since most insurance provider education only illustrates the calculation based on the present without considering the value of money in the future.3. Note the withdrawal stage of education insuranceWell, this includes full well that need accuracy when choosing insurance education programs. Usually education insurance has a cash withdrawal stages. Among other things, as an example, you can only withdraw funds when in the seventh year when your child will go to school. However, the factor of the young age of the child to attend school due to the rapid development of the child should be expected. If that is the case then you would not be able to withdraw the insurance fund education. Therefore, you can try to reduce the one-year estimate of your child in school. Suppose you expect your child will go to school in year 6, it never hurts to make a withdrawal plan in year 5. Or you can be consistent to stay put when school children in year 6.Well, having regard to the above points, you can decide to choose which education insurance for your child's future. However, no need to rush to sign one also insurance education. If your income is low then you still do not need to force yourself to have insurance for your child's education. The first thing you can do is to improve your financial arrangements in advance. Well, when your income has increased and have good money management, you may consider to choose the insurance products that best education for your child's needs
Nice article. Many insurance companies are available now who provide insurance but there are several factors by which you can justify which one is top rated and will be best for you. Thanks for sharing such a nice article.
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