Saving for your Child’s Future
Saving early will guarantee your child’s future despite of the cost of tertiary education for both local and overseas.
Rising Education Costs
A sizable fund to finance your child’s tertiary education would be guaranteed by saving a modest amount for a period of 8 to 21 years.
|
Today's Cost ($) |
Cost in 20 Years |
|
Tuition + Living Expenses |
Assuming a 5% Yearly Increase |
Singapore |
$35,000 |
$93,000 |
Australia |
$80,000 |
$212,000 |
Britain |
$130,000 |
$345,000 |
US |
$165,000 |
$438,000 |
Modest Savings for your Child’s Education
A sizable fund to finance your child’s tertiary education would be guaranteed by saving a modest amount for a period of 8 to 21 years. A child insured for $100 every month at age 1, in 20 year’s time, the estimated maturity value will be $32,505*.
Complete Peace of Mind
Have a complete peace of mind with Education Policy as your child’s education fund will not be affected if anything happens.
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All future premiums will be waived if the parent if faced with premature death or permanent disability. PLUS, the child will get an additional 1% of monthly allowance equivalent to the sum assured until the policy matures.
- Upon diagnosis of any 30 major illnesses of the child, the parent can choose to waive future premiums.
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To ensure extra financial security when you child is diagnosed with any of the 30 major illnesses and 10 specified child illnesses, you can choose to cover your child with a low cost option.
Emergency Funds
Your cash will be flexible and not tied when it is need for other needs as a policy loan can be taken up to 95% of the cash value of the policy if some cash is needed for various needs.
* Assuming a rate of return at 4.5% p.a.
Buying a life insurance plan is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
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