I. Definition and Benefits of Incurance Education
Insurance education is insurance products that are used to ensure the children's education early on. This insurance can be regarded as an alternative to savings that would finance the education of your baby education from elementary school up to college. In general, insurance is divided into two parts, namely investment and protection.
Investment aims to raise funds in connection with children's education expenses. While protection aims to protect and ensure the health costs of the child when the baby fell ill.
II. Case Study Example
Investment aims to raise funds in connection with children's education expenses. While protection aims to protect and ensure the health costs of the child when the baby fell ill.
II. Case Study Example
Example 1:
Mr. Rehan was a private employee who is now 27 years old and already married and has a daughter. He started putting his salary of $ 500,000 for the education of their children insurance 3 year old. Mr. Renten plans to set aside money to pay his salary insurance premiums education he took every month for 10 years with the interest assuming insurance premiums by 12%. So in one year, Mr. Rehan insurance policy is $ 6.72 million ($ 500,000 x 12 months x 12%). In the last 10 years, Mr. Renten just take insurance when her son entered elementary school education is $20,000,000.
With this decision, if Mr. Renten still have sufficient insurance policy in year 10? The answer is of course yes, because in the 10th year after the decision, the total insurance policy Mr. Renten is $ 78,451,046. For details please see the table below:
With this decision, if Mr. Renten still have sufficient insurance policy in year 10? The answer is of course yes, because in the 10th year after the decision, the total insurance policy Mr. Renten is $ 78,451,046. For details please see the table below:
case study 1
Specification:
Flowers year-to-1 obtained from $ 6,000,000 x 12% = $ 720,000.
Flowers year-to-2 obtained from $ 12.72 million x 12% = $ 1.5264 million.
Next year is the same as the total savings per year multiplied by 12%.
The total percentage of education Mr. Renten insurance interest amounted to 119% ($ 78,451,046 / USD. 66.000.000 x 100%).
Flowers year-to-2 obtained from $ 12.72 million x 12% = $ 1.5264 million.
Next year is the same as the total savings per year multiplied by 12%.
The total percentage of education Mr. Renten insurance interest amounted to 119% ($ 78,451,046 / USD. 66.000.000 x 100%).
Example 2:
Mother Nanystart buying insurance education of their children when the baby is aged 6 years. He set aside his salary of $ 650,000 per month to pay insurance premiums education with the assumption that he took an interest of 11%. Mother Nanyplanning to take out insurance with a duration of 10 years of education. Ms. Nany insurance policy in a year is $ 8.658 million (USD 650,000 x 12 months x 11%). Mother Nany take an insurance policy when children enter junior high school education is $ 25,000,000. Then in the year to 10, the number of insurance policies Mother Nany education is $ 84,911,605. The details can be seen in the table below:
case study 2
Specification:
Flowers year-to-1 obtained from $ 7,800,000 x 11% = $ 858,000.
Flowers year-to-2 obtained from $ 16.458 million x 11% = $ 1.81038 million.
Next year is the same as the total savings per year multiplied by 11%.
The total percentage of flowers Mother Nany insurance amounted to 146% (USD. 113 976 605 / $ 78.000.000 x 100%).
Flowers year-to-2 obtained from $ 16.458 million x 11% = $ 1.81038 million.
Next year is the same as the total savings per year multiplied by 11%.
The total percentage of flowers Mother Nany insurance amounted to 146% (USD. 113 976 605 / $ 78.000.000 x 100%).
III. Procedure to Buy Insurance Education
Procedures buy insurance education was not so difficult because you can simply choose the insurance company and the education that you want to discuss with the insurance agent about insurance from the education that you want. In addition, you should calculate the cost of education for your baby since she entered elementary school through college and their education cost increases that occur each year are typically 15% - Best Research Division.
It is very important for you to do so that you can determine the amount of premium in accordance with the cost of your child's educational needs.
It is very important for you to do so that you can determine the amount of premium in accordance with the cost of your child's educational needs.
IV. Method Claims Insurance Education
Insurance claim form way education is good and right? The process is not complicated anyway, because you simply follow the procedures of the insurance company and complete all required documentation. Ask for help on insurance agents and customer service if there are things that have yet to understand. The faster you make a claim, the sooner you can get your insurance policy
List Company on Insurance Educational Association
List Company on Insurance Educational Association
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