Education Insurance Plans To Consider

When you are faced with the challenge of choosing from varieties of plan to buy or choose since there are various types of available, The following guide will help you to make the right decision before you commit to a policy:


Term Policy: Education insurance is usually a term insurance policy. With this type of policy you and the insurance company agree on a specified period that the insurance policy will run, that should be the period that your child is expected to be in school. which will usually be the time that you expect your child or children to be in education. During this period, you make regular premium payments to the insurer. The policy then pays out if you suffer the covered events (death, illness, injury) at any point during the period. Some policies let you start making premium payments and benefiting from the protection from when your child is born, rather than waiting until they start school.

Sum Assured: Several polices work in a sum assured basis. Check with the insurer to see how the policy pay-out will work. Many policies work on a sum-assured basis. This means the policy will list a set pay-out amount (the “sum assured”) which applies regardless of how long you have been making premium pay-outs and the total amount you have paid before you die. In some cases, the insurer will hand over the pay-out as a single payment. In others, the insurer will pay the actual education costs of your child until the pay-out total is reached or the insurance term ends, whichever happens first.

Critical Illness and Permanent Disability: considering the fact that Education insurance does not only pay out if you are no more. Many policies also pay out if are unable to work as result of a medical and thus lose the income needed to pay for your child’s education. This can include permanent disabilities such as from an accident. It can also include critical illness, which is usually defined as a serious medical condition where there isn’t a treatment that would make you fit enough to return to work. Ask your insurer how pay-outs work with critical illness and permanent disability as this can be slightly different to the way pay-outs work when you die.

Funeral Expenses: Some education insurance policies offer an extra benefit in the form of funeral expenses. This means the insurer will make a payment towards the cost of your funeral if you die, helping remove some of the stresses your family will face in this unfortunate event. Ask for details as a policy may pay out a fixed amount or instead pay out a percentage of the sum assured amount.

Savings Plan: With many forms of insurance, you don’t get your premium payments back, even if you never make a claim during the period of coverage. However, education insurance has an exception known as a savings plan. This offers all the coverage benefits of an ordinary education protection policy but also means you get back your premium payments at the end of the coverage period along with an interest payment. Before signing up to such a plan, make sure you understand how much the payments will be, when you’ll get the money back and how the interest is calculated.

5 thoughts on “Education Insurance Plans To Consider

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  • March 23, 2019 at 12:34 am

    Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    The Jewish people deny Jesus as their Messiah and have stated that their Messiah has been identified and is waiting to be revealed. They say this man will rule the world under a one world religion called “spiritualism”.

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him. On the back of the coin is an image of the third Temple.

    The Bible says this false Messiah who seats himself in the Third Temple will be thee antichrist that will bring about the Great Tribulation, though the Jewish people believe he will bring about world peace. It will be a false peace for a period of time. You can watch interviews of Jewish Rabbi’s in Israel speaking of these things. They have their plans set in place. It is only years away!

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically Revelation 13:16-18:

    He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name.” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we need two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.


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