In foreign countries, some families have children who have an investment fund account set up by their parents and are run by professionals. When he grows up, the foundation's income will become his financial guarantee. Even if the economic situation in the family changes midway, the fund will not be affected.
Although most people can't follow the example of setting up a foundation, they can learn from this kind of financial management idea--making the child's economic security and the family's economy independent of each other. At present, we have two choices, one is education savings; the other is education insurance.
In fact, these two methods have their own merits. Let's compare their differences. Education Savings: The biggest advantage of education savings is that it adopts the method of depositing and depositing regular deposits, and can obtain the deposit interest of the whole deposit and withdrawal, and can also exempt the interest tax.
Taking an education savings as an example, the minimum deposit amount is 50, the total amount of the principal is 20,000, and the deposit period is divided into three grades: one year, three years and six years.
The one-year and three-year education savings bear interest-bearing interest rates according to the same period of the same period of the account opening date; the six-year period is based on the five-year period of the account opening date. According to the bank's current currency deposit interest rate, the annual interest rates for the one-year, three-year, and five-year periods are 2.25%, 3.24%, and 3.60%, respectively.
If 20,000 is stored for 6 years, interest will be 3600 (20000 × 3.60% × 5 years) at maturity, total interest and interest will be 23,600; if there is 3 years, interest will be 1944 (20000 × 3.24% × 3 years), total interest and interest 21944 The interest earned for one year is 450 (20000 × 2.25% × 1 year), and the principal and interest are 20450.
It should be noted that in the case of interest rate adjustment during the deposit period, education savings still bear interest at the deposit rate of the account opening day. Moreover, according to regulations, only students who are in the fourth grade (inclusive) of the primary school can participate in educational savings.
Education Gold Insurance: At the same time taking into account savings and insurance, the advantage of education insurance is that education insurance has the function of compulsory savings, and the guarantee is great. Parents can choose the insurance for their children according to their own expectations.
It is a multiple payment, a relatively long payback period, and can provide (insurance and insured) protection for accidental injury or illness and high disability. The insurance company's education insurance is for children born between 30 days and 14 weeks.
Take the "universal life insurance" insured by a one-week child as an example. There is no limit to the age of insurance for this type of insurance. 1 week, the child's insurance coverage is 50,000, the parents pay 5,000 per year, and 18 years pay a total of 90,000. When the child grows to 18, he can receive 15,000 higher education dollars per year.
In this way, the two methods can be described as different. The savings of education savings and education insurance are basically the same, but there are ceilings and age restrictions. They must be in the fourth grade or above of the primary school. In order to open an account, the school must issue a certificate when opening an account. The procedure is a bit complicated. The insurance gold insurance has a simple insurance procedure and a slightly longer payment time, but the benefits are good and there is a risk guarantee.
Education Savings Tip: Definition: Education Savings is a non-compulsory education for residents of their own children (referring to full-time high school, college, postgraduate, master's and doctoral students other than nine years of compulsory education) and monthly Fixed deposits, savings due to the principal and interest. Target: Students in the fourth grade (inclusive) of the school.
Features and functions: depositor specific, flexible deposit period, total control; interest rate concessions, interest tax exemption. It can accumulate zero and complete, meet the monthly fixed small-scale storage of low- and medium-sized families, save funds, and solve the need for children's non-compulsory education expenditure.
Amount, term and interest rate: The minimum deposit amount is 50, and the total amount of the principal is 20,000. The deposit period is divided into 1 year, 3 years and 6 years. In the first and third years, interest will be paid according to the deposit and withdrawal date of the account opening date, and the interest will be paid according to the five-year period of the account opening date.
Start-up procedure: The deposit account must be opened in the name of the depositor by the depositor's own household registration book or resident ID card. When depositing an account, the depositor and the financial institution agree on a monthly fixed deposit amount, which will be deposited in a monthly deposit. If there is a leak in the middle, it must be filled in the next month. At the time of withdrawal, the passbook and the student who is receiving non-compulsory education from the school will prove the withdrawal of principal and interest.