Mga benepisyong hatid ng educational insurance, alamin

PTVPhilippines

Mga benepisyong hatid ng educational insurance, alamin  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00At this time, it's not fun to go to school because tuition fees are expensive and of course, there are expenses in studying.

00:08It's a bit heavy in the pocket, that's why a lot of people are preparing early and saving for their children's studies.

00:17And one of the ways to help there is to get educational insurance.

00:22We will talk to Ma'am Orange Galsim. Good morning Ma'am Orange.

00:27Good morning Joshua and Diane. I'm very happy that I'm here again.

00:32Yes, welcome back to RST.

00:34For our viewers, especially our parents who have children studying, what is educational insurance and what is the coverage of this insurance?

00:46When you say education insurance, it's like a plan. It's a financial tool for parents to do education planning.

00:55Actually, the broader concept there is education planning, which is the disciplined preparation of parents for their children's future college plans or dreams.

01:07So, what is combined there is the disciplined saving combined with the power of having insurance or protection for parents.

01:16And there is also a combination of investment, which means the savings I put in has the potential to grow while the economy grows and the market grows.

01:26So, in other words, can educational insurance work or be used as life insurance?

01:33Yes. Actually, that is really our recommendation to parents when saving or doing education planning.

01:42Of course, you have a child and you want to achieve all your dreams in life.

01:47And I want to plan that if you decide in the future, I want to be a doctor or I want to be an engineer.

01:54You want to tell him that yes, it's possible because I planned for you.

01:58But at the same time, I can plan that when you reach 18, I have funds.

02:03But from now until then, is it possible that something will happen to me?

02:07Yes.

02:08Parents can get sick or get sick.

02:11So, the combination of my savings and the insurance I put in my plan ensures that even if I get sick or get sick,

02:19there are also funds that if my ability to save is cut, there is insurance that will go in.

02:25Okay. How big is the premium payment that parents need to shoulder for this educational insurance?

02:34Maybe we can say that there is no exact precise way that we can quote.

02:39It depends on how early you plan.

02:42For example, if your child is younger when you started, you have more time to grow.

02:47It means that you can drop a smaller amount now versus if you start late.

02:55Okay.

02:56At the same time, it also depends on how much you want.

02:59As you mentioned earlier, the tuition fees are increasing because universities and colleges are also advancing.

03:09They are making their schools better.

03:11The value of education is increasing.

03:13So, it depends on what kind of education you want to give.

03:19If you have a choice for the best schools, I need to project now to help you with an insurance professional.

03:26How much is the tuition fee for this university 20 years from now?

03:30That's what I need to choose.

03:32You mentioned benefits earlier.

03:35But from your perspective, why do you think educational insurance should be prioritized?

03:41Especially for parents.

03:43I have a favorite English quote that says,

03:47Education is the key that unlocks the golden door of freedom.

03:53We all know that with education, our children will have more options.

03:59That's what we want, right?

04:01When you reach the age of college, you have the choice to study in any school.

04:08You have the choice of what kind of career you want.

04:11That's what's important.

04:12That's what parents want.

04:15We want our children to have options.

04:18That's why it's so important.

04:20They say, even though I'm a parent,

04:25I may cut my dreams short because something might happen to me.

04:29As long as my child won't cut off his dreams.

04:32Secured.

04:33Okay. Is this only covered by tuition fees or even miscellaneous fees?

04:37What about other expenses for studying?

04:39There are traditional products.

04:42I'm also a beneficiary of traditional education products.

04:46The benefits are that you can really go to school.

04:50It's fixed. It depends on the tuition fee of the school.

04:54Now, the more flexible way is to have a fund that can cover all the potential educational needs.

05:03There are tuition fees, daily expenses, transportation, and lodging.

05:10When you're planning your education, think of the tuition fee and the daily expenses.

05:17When I'm planning my education, I'll think of both.

05:21That's when I'll decide that I need X, X, X million in a four-year period.

05:27That's when I'll buy the program.

05:29For example, if the parents get educational insurance,

05:34and the child somehow got a scholarship to a prestigious school,

05:41can he get the money back as an investment?

05:45That's a great question, Joshua.

05:47That's the beauty of more flexible options for insurance in education.

05:52That's true. That's our dream when we have a scholar child.

05:57Now, insurance is not limited.

06:02The proceeds that you invested will go to the parents.

06:09It is the parent who will then be able to say to his son, his daughter, and son,

06:15you have a scholarship, and we're here for all the things that you need.

06:20So, if you want to study abroad, that's also possible.

06:23Yes, yes.

06:24Okay, it can be a business when you graduate.

06:26Yes, that's also possible.

06:29What are the points or details that you need to look at

06:32when you're investing in life insurance, educational insurance,

06:36and other insurance policies?

06:38Of course, when you're discussing insurance,

06:41you should always look at the coverage amount,

06:44how much is the insurance of the parent,

06:47and how much can be the growth of your fund or savings

06:53based on the year that you're projecting.

06:56For example, if the child is just starting out,

06:58there's still a lot of time, and then how many years.

07:01So, the coverage amount of the protection insurance is important,

07:04how much is the potential value of the funds or savings that you invested,

07:08what are the excluded, are there any excluded terms,

07:12if he has a critical illness,

07:15what are the covered, if the parent is sick,

07:18you can continue.

07:20So, all of these things, you can help a life insurance professional,

07:25what we call life changers.

07:27Where can we avail these insurance plans?

07:31It is always going to be through a life insurance professional.

07:34In the insurance industry,

07:37they are licensed by the government to sell insurance.

07:41So, you don't talk about insurance or investments

07:43unless you're talking to a life insurance professional

07:46who has a license.

07:48In order to give advice on insurance and investment,

07:54you should have a license.

07:57There are two licenses, traditional and variable unit link license.

08:02Okay.

08:03Well, we learned a lot from Ma'am Orange.

08:05She also said that it's better to plan in advance

08:09for the education of our children.

08:11If there's a means, why not?

08:13Prepare now, invest now.

08:15Thank you very much, Ma'am Orange,

08:17for your time here at Rise and Shine Philippines.

08:21Again, thank you.

08:23Thank you so much, Ma'am Orange.

08:25Thank you, Ma'am.

Category

Transcript

Recommended