Monday, June 24, 2013
Different Insurance and Saving Education
1. Education savings
There is insurance, but are guaranteed only at the target end of the funds to be obtained. If the client dies, the heirs will get a nominal amount of funds that a customer in the initial goal. Insurance costs borne by the bank. Suitable for preparing education funding in the short term between two to five years, because the results are given only about 3% to 6% before tax. There is great interest, usually only administration charge.
2. Insurance education
If the insured dies, the beneficiary will get the coverage plus a fund of money investment results. Can deliver greater returns than educational savings, since they are located in a mutual fund. In the short term, the savings will guarantee the results to be obtained while the insurance is not. Flowers are very dependent on the performance of the investment itself. There are acquisition costs-fees charged in connection with the application for and issuance of the insurance policy that covers the cost of medical examinations, procurement policy and printing documents, court costs, cost of post and telecommunications-are quite large and usually cut up to six years. There are insurance fees charged to customers.
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