Education Plan
The cost of a good education can be high, and has risen at an alarming rate in recent years. To be sure of securing the best possible education for your children, you need to plan ahead. Our Education Plan is specifically designed to help you and can give you the reassurance of knowing you’ve made the right preparations for your children’s future.
Product Overview
- A guaranteed regular income to pay for higher education expenses
- Secure savings with guaranteed payouts to cover the amount you choose for your child’s higher education fees
- You can choose payouts for 3, 4 or 5 years, depending on the amount of time you think your child will be in higher education
- The flexibility to make one off or regular contributions – you choose which suits your budget
- Excess Return bonuses in the years your investment achieves a higher return than expected
- In the event of your untimely death during the payout phase we will always, as a minimum, give back the face amount that you have contributed to your loved ones
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Phase 1 Contribution and accumulation
During this time your contributions are invested so your Plan can provide you with guaranteed benefits.
Phase 2 Payout
You receive your guaranteed returns (regular income for higher education expenses) plus any excess bonuses.
Policy Loans
You can borrow up to 80% of the cash value of your Plan after the first two years.
Stopping contributions
If you need to stop contributions you don’t have to put your child’s education on hold. We give you the option of continuing your Plan by either paying premiums from the cash value of your plan or by adjusting your face amount.
Eligibility
Minimum age of child 0 maximum issue age 12
Currency
US Dollar
Gender
Male and Female
Subject to policy terms and conditions
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Educating your children
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