Education Endowment– Ensure future for your loved child!
Better assured about your loved child’s future
- Escalating living expenses.
- Education expenses becoming more expensive.
- Career opportunities getting more competitive.
- Misfortune could happen to the parents before their children are fully fledged.
Korea Life’s Education Endowment is specifically designed to help parents best prepare for their children’s future education and career.
Disciplined Saving: Life insurance is very effective in the sense that it saves you from spending temptation so that you can focus on saving for such important goals as your children’s future education.
Comprehensive education fund: Education coupons totaling 115% of the sum insured will be payable upon your child’s attaining 15, 18, 19, 20 and 21 years old. These are the most important milestones in high school and tertiary education.
A reasonable gift for career start-up: 40% of sum insured and total accumulated bonuses payable when the policy matures will definitely give your child a favorable career start-up.
On top of that, within 2 months before the policy maturity, your child will have the right to buy a new endowment policy without any evidence of heath.
Rest assured about unexpected risks: should misfortunestrikes the parent, Korea Life shall:
- Pay the sum insured to help maintaining the family’s living standards and the child’s study.
- Waive all premiums for the remaining term of the policy.
- Continue to pay all the other insurance benefits as promised.
Brief product information:
• Entry Age:
- Policy Owner (parent): 18 to 59 years old;
- Life Insured (child): and 0 to 12 years old.
• Max age at marturity:
- Policy Owner (parent): 65 years old;
- Life Insured (child): 22 years old.
• Premium paying term: 6 to 18 years
• Policy term: 10 to 22 years