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Savings plans are intended to yield a return for the investor - either in terms of money or in terms of results. Unlike most insurance they are not dependant on chance or events - they have a planned maturation date when you can expect your dividends. Unlike many investments, the stability and safety-orientated approach of the insurance professionals takes a dim view of volatile or unstable schemes with questionable outcomes. Who better to trust with your ultimate investment - your children’s future?
Based on how early you start, educational plans can cover your child’s progress from their first steps through to the university of their choice - paving the way to their future as adults.
And if your child’s future is practical rather than scholastic, the money your plan yields will be available if they chose to open a small business or to jump-start a career straight from school.
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