The benefits of education insurance
Updated | By Poelano Malema
Don't let a lack of financial planning get in the way of your child attaining an education. Securing education insurance is one of the best decisions you can make in cementing your child's bright future.
Education insurance is an important investment in your child's bright future.
Nelson Mandela once said: “Education is the most powerful weapon which you can use to change the world.”
Every child has a right to an education - without it, the future is not secure.
But despite education being so crucial, it is not always accessible to all. Children from disadvantaged families and communities are more likely to miss out on school and higher education. This is due to several reasons, including financial exclusion.
The death of a parent may also mean that children cannot continue their studies if there are no funds available or education insurance.
However, regardless of whether their parents are living or not, children will be offered a chance at a better future with education insurance.
READ: Futurewise aims to end educational exclusion among young people in South Africa
Education is the most important thing parents or guardians can invest in to ensure a better future for their children.
With education insurance, parents can save money consistently so that their children's future goals can be realised.
Education insurance also helps guarantee a safe path for your child to get an education and become whoever they want to become, even if you aren’t around, or due to unforeseen circumstances.
It offers parents peace of mind knowing that their child’s educational needs are taken care of.
Futurewise, a comprehensive education insurance, gives parents or guardians the power to secure their child’s hopes and dreams.
It offers education content, learning support, and with their savings fund, your money will earn interest that can go towards textbooks, field trips, transport, and more.
The education insurance pays out in the event of your death, disability or terminal illness, while your child is between the ages of 5 and 22.
The benefits are paid out to the designated guardian or directly to your child’s education provider.
There is also a loyalty benefit that gets paid out every five years. Futurewise will pay you 10% of your premiums back.
The good news is that the education insurance is affordable, from as little as R220 per child per month.
Find out more about the insurance here.
Secure your child’s future dreams no matter what. Send a voice note of them telling us what they dream of becoming one day and stand to win up to R5 000, thanks to Futurewise Education Insurance!
WhatsApp your voice note to 084 850 0942, with the first word #Future, and your child’s name. Then stay tuned to Breakfast with Martin Bester to find out if you won.
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Image courtesy of iStock/ @tsingha25
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