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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:
- Beat inflation: Education costs are increasing faster than inflation, and experts believe that they will continue to do so.
- Affordability: Consumers are worried that they won't be able to afford the level of education that they received, for their own children.
- 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.
- Career advancement: Increasingly, a private education is a requirement for opening the door to a professional career.
- 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.
- 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.
- 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.
- Professional management: You can have access to all the major global money managers.
- 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.
- 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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