The best way to prepare children's education fund is to save or invest in instruments that provide returns greater than inflation (rising prices). At the same time, parents also need to take life insurance, so that if there is something undesirable in itself, child education plan is maintained. Life insurance can be put together with investment, can also be separated. Each of these plus-minus.
Examples of the savings that are immune inflation is gold and silver. Other types of savings (savings, bank accounts, deposits) should be avoided for the long term.
Examples of investments include stocks and mutual funds. Both of these instruments offer higher returns than gold and silver, but carries the risk of loss. The risk of loss can be minimized with adequate knowledge about the world of investing.
Insurance education endowment type funds insure several stages of education and life insurance money if you died in the period of the agreement. But because the cash value in the form of savings, it can be eroded by inflation. As a workaround, installment savings we must be greater than it should be. Additionally UP soul is small, only the total amount of money that we pay plans and valid only for the duration of the agreement.
Education savings similar to insurance education. Cash value greater because there is interest, but a smaller life insurance. Besides saving education more flexible in terms of time and money making the amount of funds that can be taken.
Unit-linked insurance offers a return on investment greater than the endowment, greater mental UP and valid for life, and can be added rider (other insurance benefits) are diverse. Unit-linked funds are not guaranteed, but the security of the investment fund and the results can be optimized by setting the appropriate composition of the instrument.
No comments:
Post a Comment