Differences Between Insurance Education with The Education Savings

Often we are confused that which distinguishes between insurance education to the education savings accounts.

Basically, saving / insurance is good. that is essentially what we can produce as long as we are still productive, can also give us the opportunity to design the life of our financial future. Because I do not what may happen tomorrow.

Insurance education and the education savings have essentially the same function, that is an investment that are prepared to make special education costs later. To be on time for your children to school or university, you need not be more giddy-giddy thinking of the cost of adequate education.

Although it has the same goal, but the education of insurance and education savings accounts that have different characteristics. And to determine which is better, of course we need to see which one more suitable for your run. Insurance is the insurance plus educational investment for education, while the savings for investment education is education that is protected with insurance.

First, we will first study the education savings accounts. Education savings account is a savings account specifically designed in a bank where customers to periodically and automatically into an account that is given a certain time to be in accordance with the schedule of education school children.
Because the funds are locked, the bank will usually offer the investment is relatively higher than normal savings. The product is a combination of savings and deposits, savings accounts called deposit as done in stages and because such deposits are locked during the period of time.
Although the given time period, but parents can withdraw savings time before maturity. But of course the same as deposits, will be subject to penalties up to this. I suggest that this is not done except in an emergency.
In addition as a means of investment, education savings also comes with insurance. This means that if you as a breadwinner dies and can no longer save the cost of education for children, then the insurance will replace the savings deposit. Without the need to save more, the cost of education of children still met.

Both the insurance education. Because basically insurance products, life insurance more precisely, the insurance education is actually not much different with other life insurance products. That is a program that will give your family benefits if any risk of death. Benefit received is usually helping and investment results for the cost of education. However, if the risk of death does not occur, then the insurance will provide a number of educational scholarships that are not come other form of investment premiums that have been paid.
As insurance products, so of course this investment can not be disbursed at any time. This new investment can be diluted with two conditions. First, that is when it is mature, and the second is if there is a risk of death. Fall the time itself can be arranged and adapted to schedule children's education, to fit children to school, pas liquid money.
Usually results in the investment of insurance education is relatively higher compared to the savings in education. But insurance can not flexible savings, if it would stopped the way, have to wait about 3 years until there is cash value for made money. And usually, the process is more wind and take a longer time than the savings in education.
See the characteristics of both can be concluded that education is an investment savings short-term to medium, while education is an investment insurance periodically medium to long-term.
However, worries many people is how when we are by accident, while families are still dependent we become? What if no more revenue that we can save for them? Very dangerous if the savings routine that was specially prepared for lost they are forced by our own. Thus they can also end the need to continue the savings, because if not the goal to the good that they even threatened not materialize. Then, how the future of their next? So we can conclude that very need 1 (one) product which can be a solution where the overall :
1.We can save money with the goal of
2.If happen / accident / case that is not desired, savings are still safe, save where the goal will be achieved.

Which the question is then, where we get the program? Financial Institutions / Bank or Insurance Company? You can be yourself and find the right solutions that will benefit you want.