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10 Reason to Use an Offshore Insurance Linked Education Plan?


Using life insurance to provide funds for education makes more sense today than ever before, for a number of good reasons:

  1. Beat inflation: Education costs are increasing faster than inflation, and experts believe that they will continue to do so.
  2. Affordability: Consumers are worried that they won't be able to afford the level of education that they received, for their own children.
  3. Accessibility: regular term or single annual payments can be requested from your plan; as well as irregular capital withdrawals. Also, the fund does not have to be used for education fees.
  4. Career advancement: Increasingly, a private education is a requirement for opening the door to a professional career.
  5. Increased earnings & better lifestyle: Education makes "cents".  The average university graduate earns $2 million in a lifetime; the average high school graduate earns $1.4 million in a lifetime.
  6. Guarantee: Life insurance is still the only way to guarantee enough money for education in the event that one or both parents die before the children are college age.
  7. Wide Investment Choice: a wide range of investment choices ensure that an Offshore Education Fees Plan is ideally suited to accumulating funds for education fees.
  8. Professional management: You can have access to all the major global money managers.
  9. Long term discipline: the regular discipline of monthly or quarterly saving, using a managed life insurance-linked plan, will assure your child's long term future with a good education. Most parents and grandparents believe in making the necessary financial sacrifices in order to provide the best for their children.
  10. Tax mitigation: an insurance linked plan is an ideal tax planning structure to mitigate the effects of estate duties. Often holding the plan within a trust will also provide long-term tax savings.
 
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