Which is more important Selects Insurance Education or Education Savings ?

Insurance education or education savings accounts have the same characteristics. In addition to its investment decision can be customized with your child's school schedule, they both provide protection functions. That is, the availability of funding your children's education will remain secure despite the risk of death to happen to you.

Described, education insurance is insurance that offers two utility (endowment), the function of protection and investment. Protection function will bear the risk of death over you, by promising a certain amount of money if you are experiencing death. However, the sum insured is given it is usually adjusted for the cost of your child's education and has been agreed upon in the policy.

Owner investment, this insurance will manage and invest some of the premium you pay. Instead of managing your money, the insurance company will provide the funds which amount has been agreed in the policy. When payment was already scheduled, it is to fit the time your child's school.

In addition, education savings accounts are savings from the bank. This product has characteristics similar to insurance education. With this type of savings, you will save a certain amount of money regularly. Insurance education.

The amount of monthly savings were calculated from the education fund that will target you take, some day. And to ensure the availability of education funds, the bank has worked with several insurance companies that will guarantee your deposit even if there is a risk of death.

Instead, the money you set aside a monthly savings needs to be associated with the size you need in the future. To fund your children's education, for example. You must first calculate the amount of funds you need, and time of use. Insurance education

After that, calculate the amount of money should you tube. As for reserve funds, you also have to prepare other savings until approximately doubled in number between 5 and 15 times your salary.

Actually, not a prohibition to save money for young couples on low incomes. However we recommend you do not have too force myself to have as soon as possible the education fund and reserve fund. Make arrangements for your money appropriately. As a result, set aside money by saving money can still be achieved without sacrificing other interests at this time.