High school education insurance VS college education insuran
For some wage-paying families who are not very high, in the current economic conditions are not enough to pay for both types of education insurance, what kind of education should parents choose to be more appropriate and more cost-effective?
26 Lu Wei and her husband Zhang Chenghui work in a property management company under the jurisdiction of a large real estate in Haizhu District. Although the salary is not high, the welfare is not bad. The company bought them for social maintenance and medical care, as well as other funds. welfare.
Now they have a baby. Just after a week's birthday, Lu Wei thinks that the current education cost of the child is increasing day by day, and it is necessary to save the child's tuition in time.
After some understanding, Lu Wei knows that there are two kinds of education funds on the insurance field: one is the high school education fund; the other is the university education fund. Of course, it is best to buy the two kinds of education together, but the couple are ordinary wages, not high, and take into account the child's future growth and other expenses are also very large, in this case, she can only choose to buy one Education gold. However, the time for the two kinds of education payments is different, the amount is different, and of course the premiums are different. Which kind of education money is more cost-effective? To this end, she consulted an insurance expert.
Insurance experts first listed the difference between the two kinds of education funds. These two kinds of education funds seem to have their own advantages: high school education funds are paid less, but the premiums are cheaper; university education funds are relatively expensive, but take There are more money back; which one is more cost-effective? Insurance experts recommend a comprehensive analysis of the cash value of the insurance.
According to the specific situation of Lv Wei, the insurance experts designed two sets of insurance plans for Lu Wei to compare and listed a detailed comparison table of the children's pre-cash, premium and yield.
High school education gold: annual premium 2295; insurance amount is 50,000; insurance company pays 10,000 children's high school education per year for children at 15, 16, 17 weeks; and pays 5000 for children when they graduate from high school for 17 weeks Academic contributions are congratulations.
University education fund: the annual premium is 3980 and the insurance amount is 50,000. The insurance company pays 15,000 yuan per year for the child at 18, 19, 20, and 21 weeks. In addition, when the child graduates from college for 21 weeks, We pay 5000 as a contribution to the school.First, when the child goes to the fifth policy year, if the high school education fund is purchased, the cash value in the policy is 9630, and the premium paid is 11475; the rate of return is 83.92%; if the university education fund is purchased, the cash in the policy The value is 16695, the accumulated premiums are 19,900, and the yield is 83.89%. The income of the two companies is not much different. When the child reaches the 10th policy year, the income of the two types of education insurance is still very small, the purchase of high school education is 97.60%; the purchase of university education is 97.58%; when the child reaches the 14th policy year, That is, when the child is 15 weeks old, if the high school education fund is purchased, the first education fund will be refunded 10,000 yuan; the accumulated cash value of the year is 24220, totaling 34220; the accumulated premium paid is 32130, and the yield is 106.5%; If the university education fund is purchased, the accumulated cash value is 59340, the accumulated premium is 55,720, and the yield is 106.49%; basically the same. The difference is generated in the child's 17th policy year. If the high school education fund is purchased, it will be returned to the 17th policy year, and the total return amount will be 35,000; the cash value will also be reduced to 0; It is 108.9%; if it is to purchase university education, it will return the first education fund of 15000; its cash value is 47,970 at that time, and the accumulated premium is 55,720, and the yield is 113.01%. With the extension of time, the high school education fund has already been returned to the child’s 21st policy year, and the rate of return is 108.9%. The university education fund has just returned, returning 65,000 and the yield is 116.65%. After listening to it, Lv Wei said that according to this standard, of course, the rate of purchase of university education is higher. Insurance experts have reminded her that it is not easy to look at the problem. There are some factors that need to be considered here to better analyze which education money is more cost-effective. The purchase of high school education funds is less, the return time is earlier, of course, the income situation is slightly worse; but if the return money is used for investment, not consumption, for example: use this education money to save, go to college for children or Marriage preparation, according to the regular one-year deposit rate, is very close to the income of the university education fund. “So, the income of education insurance is not as high as the interest rate?” Lu Wei said. In this regard, the insurance expert explained: At present, the insurance insurance of insurance companies is mostly hybrid insurance; that is, regardless of whether the insured survives or dies during the insurance period, the insurance company can get the insurance premium, so when considering the income of the insurance You also need to consider the cost of the policy. In addition, insurance companies in the development of such insurance, because it is in the low interest era, most of them are fixed-rate insurance, the interest rate is between 2.5% and 3%. At present, the field is in a period of macro-regulation rate hike, so it seems that the income of the policy is not ideal. In this case, if you purchase children's education insurance, it is best to buy products with dividend function, so even if the interest rate is By adjusting or generating fluctuations, insurance companies can flexibly adjust the dividends of the insurance to ensure the best interests of the customers. So if you buy a dividend-type education insurance, what are the differences between the two types of education insurance? Lv Wei began to get confused again. Insurance experts said: The main thing is to look at the individual's current economic strength and future needs, like Lu Wei's current family economic strength, may wish toIn order to purchase high-school education funds with relatively low premiums, the investment is small, and the annual premium of about 2,000, on average, may be less than 200 per month. Most families can afford it and have a guarantee function. The most important thing is that this money can only prepare for the future education of the child. If you save yourself, you may want to buy a house to buy a car, and you may use it for decoration or tourism, so that your child's future education will be affected during the child's high school. There can be 10,000 yuan of education per year, which can be used to pay tuition, nutrition and books, or you can deposit or buy bonds to get higher income. Take it out to your child's college and use it for college education or future marriage expenses. For families with higher current levels and no better investment channels for the time being, it is advisable to purchase university education funds with higher investment, but the return is also high. The annual payment is about 4,000, about 400 per month, according to the fixed rate of return. Calculated as 116%. If you buy a product with a dividend-paying function, the return on investment is more obvious, especially in the current interest rate hike, the dividend will rise. What's more, during the insurance period, it is possible to go to the university after the child finishes the university. It is longer than the high school education guarantee, and can fully play the insurance protection and investment function. This kind of financial management is not bad. Finally, insurance experts reminded Lu Wei that most of the children's education insurance on the field is only before the children's 25, there are two main reasons here. First, as the child grows, the content of the protection and the focus of the protection have changed; The risk of the child is also different from that of the adult, which affects the calculation of the insurance rate. And 25 children have joined the work, and can buy some adult insurance, such as major illness insurance and old-age insurance, to prepare for the future.