Advantages of Education Plans
What is Investment?
According to Investopedia.com, investment refers to “an asset or item acquired with the goal of generating income or appreciation”. In other words, the act of investment is often practiced in order to garner a form of financial profit from the process. Advantages of Education Plans in Singapore
Why choose to invest?
By choosing to invest in stocks, other businesses, precious metals, an entirely separate industry or any other field for that matter, you are essentially opening yourself to a world of financial growth. This profit can come to you in the form of dividend incomes, business sales, or a substantial growth in the very investment you made!
Choosing to invest allows you to make some additional money on the side that you can save for your retirement in the future! While working a full-time job will allow you to take care of your present and immediate expenditure related to your lifestyle, choosing to invest will allow you to make some money on the side without having to fork out too much energy!
Planning to start investing will thus allow you to live out a stress-free life in the future as over time, you would have accumulated enough funds to help you lead a happy retirement life. With that being said, retirement savings is not the only benefit awaiting you engaging in the process of investment. You will be able to reach your other financial goals sooner too.
If you have been considering saving up some funds for your children’s education in the future, keep reading!
With an education plan, you can help open the door to a world of possibilities for your child! Higher learning in Singapore is known to cost a large sum of money. Numerous students who pursue a university education have to sign up for one form of loan or another.
As parents, how can you help your child reach his or her dreams? An education plan is a structured and secure plan to help you save for your child’s tertiary education. With this scheme, you can rest assured that 100% of the capital amount you have invested will be guaranteed at the end of the policy term.
You will then receive payouts aligned to your child’s education years over 6 cash payouts that will cover the yearly fees and meet expenses such as a visit to an overseas educational campus.
Other key benefits include 2 additional guaranteed cash benefits that will be payable two years prior to the payout age. These funds can be used to celebrate your child’s educational milestones or to purchase other educational necessities such as a laptop, etc.
With such a hassle-free process and numerous key benefits waiting for you, why not start planning for your child’s education today?
At TN Advisory Group, our services and expertise can be used to assist interested parties in relation to the various fields of finance. Some of these sectors include investment, insurance, retirement, corporate pensions, group employee benefits, business continuation, as well as general insurance purposes.
If you wish to know more about the Advantages of Education Plans or any other enquiries, please contact us through Whatsapp or Email to schedule an appointment. We will get back to you as soon as possible.