If you’re a parent or guardian, you’ll know that the financial implications of educating children in South Africa can be daunting, especially when it comes to private schools and tertiary educational institutions. But what if something unexpected happens and you’re unable to pay their tuition fees?
An education insurance policy is an add-on to your life insurance cover, where a lump sum is paid out for your children’s education should you pass away or become disabled. With all the education insurance options out there, Cornerstone Financial Planning can help you find the best policy to fit your family’s needs and the education you envision for them.
Why use Cornerstone Financial Planning for your educational planning?
Peace of mind:
Should the unexpected happen, you can rest easy knowing that there will be funds available to pay for your children’s education, whether it’s attending private schools or university. It also gives a sense of continuity in an already difficult time, as your child’s schooling won’t be disrupted due to financial constraints.
Flexible cover:
Choose the type of cover depending on the type of educational institutions you want to be covered for, the number of children you have and how old they are.
Cover for a wide range of incidents:
Whether it’s an occupational disability, a visual, hearing or speech disability, a cardiac incident or more, you’re covered for a wide range of incidents that could happen, as well as if you should you pass away.
Full return of benefits:
Get a full return of premiums at the end of the benefit term, provided you haven’t claimed before.
Account for inflation:
Choose from a variety of benefit amount increases to account for inflation, so that the lump sum payout is enough to cover future education costs that could be significantly higher.
