Educational Insurence Plan
Provided by Metlife - Educare
Providing for your Child’s Education
We all want the best possible future for our children and one of the most effective ways to give them a head start to a great life is through education.
With MetLife’s Educare plan, we make saving for your child’s future easy. Regular savings coupled with an extensive range of benefits will help you prepare for the costs associated with sending your children off to university.
1. Planning for your Child’s Education
With this plan, you have the flexibility to decide on the length of the accumulation period (5 to 18 years) - depending on when your child will start college. At the start of the plan you will also be able to set your ‘target semester fee’ goal.
2. How to save for your Child’s Education
Educare is a flexible plan that allows you to contribute to the plan through different options:
• Lump sum payment(s)
• 5 or 10 year instalment plans
• Instalment plan throughout the full term of your accumulation period.
Premium payments can be made annually, semi-annually, quarterly or monthly.
3. Tuition Payment Period
When your child enters college, Educare guarantees that he or she will receive:
• Guaranteed semi-annual payments to help pay for tuition expenses
• A final lump sum payment equal to the final year tuition fees as a head start graduation gift
1. Guaranteed Semi Annual Tuition Payments
Whatever the market condition, the semi-annual payments you have planned to pay for tuition is guaranteed and will increase year after year.
2. Investment Performance Bonuses
We have made it our policy to pay a bonus to our customers when the company’s investment performance is good. Starting from the 3rd policy year, when bonuses are declared, you will be credited on your policy anniversary and earn profit until the plan matures.
3. Guaranteed Post Graduation Start-up Benefit
In addition to tuition payment, you will receive a generous guaranteed benefit equal to the final year college tuition fee, payable 3 years after graduation.
This benefit can be: • Received as a single lump sum;
• Used to buy insurance or to be re-invested
• Used as a combination of both.
4. Valuable Insurance Protection
It’s reassuring to know that Educare comes with a wide range of benefits that guarantee your child’s education plans continue, even if life’s unexpected mishaps strike.
This benefit ensures all remaining premiums will continue to be paid by MetLife in the unfortunate event of the policy owner’s loss of life or disability. This way, we guarantee the child’s education plans won’t suddenly be interrupted.
Critical Illness Insurance
Treating a critical illness can be expensive and often impacts a family’s future. To ensure that your child’s education expenses are covered no matter what happens, Educare comes with an insurance protection that provides five (5) annual payments upon diagnosis of a covered critical illness. This valuable benefit protects your child’s pre-college education and maximizes his or her chance to attend the University of his or her dreams.
WHY IS EDUCARE THE PERFECT PLAN FOR YOU?
With a goal as important as your child’s education, you should be looking into an investment strategy that will guarantee you reach your goal.
Educare will help you:
• Achieve a systematic approach to saving
• Ensure that your investment will keep on earning interest
• Make sure that your child’s college education goes as planned even with life’s unexpected twists and turns.
Year Guaranteed Amounts
1st year of College USD 20,000 annually
2nd year of College USD 22,000 annually
3rd year of College USD 24,000 annually
4th year of College USD 26,000 annually
3 years after graduation USD 26,000 lump sum
TOTAL USD 118,000
WHAT SHOULD YOU DO NEXT?
Ask a MetLife Insurance Consultant to provide you with an illustration that demonstrates how Educare can help you reach your goals and give your children the best start in life.
Providing for your Child’s Education
We all want the best possible future for our children and one of the most effective ways to give them a head start to a great life is through education.
With MetLife’s Educare plan, we make saving for your child’s future easy. Regular savings coupled with an extensive range of benefits will help you prepare for the costs associated with sending your children off to university.
HOW THE PLAN WORKS
1. Planning for your Child’s EducationWith this plan, you have the flexibility to decide on the length of the accumulation period (5 to 18 years) - depending on when your child will start college. At the start of the plan you will also be able to set your ‘target semester fee’ goal.
2. How to save for your Child’s Education
Educare is a flexible plan that allows you to contribute to the plan through different options:
• Lump sum payment(s)
• 5 or 10 year instalment plans
• Instalment plan throughout the full term of your accumulation period.
Premium payments can be made annually, semi-annually, quarterly or monthly.
3. Tuition Payment Period
When your child enters college, Educare guarantees that he or she will receive:
• Guaranteed semi-annual payments to help pay for tuition expenses
• A final lump sum payment equal to the final year tuition fees as a head start graduation gift
Benefits of Educare
Educare not only guarantees your ability to afford the cost of higher education but also helps you protect your investment and your child’s future. Below are the main plan benefits:1. Guaranteed Semi Annual Tuition Payments
Whatever the market condition, the semi-annual payments you have planned to pay for tuition is guaranteed and will increase year after year.
2. Investment Performance Bonuses
We have made it our policy to pay a bonus to our customers when the company’s investment performance is good. Starting from the 3rd policy year, when bonuses are declared, you will be credited on your policy anniversary and earn profit until the plan matures.
3. Guaranteed Post Graduation Start-up Benefit
In addition to tuition payment, you will receive a generous guaranteed benefit equal to the final year college tuition fee, payable 3 years after graduation.
This benefit can be: • Received as a single lump sum;
• Used to buy insurance or to be re-invested
• Used as a combination of both.
4. Valuable Insurance Protection
It’s reassuring to know that Educare comes with a wide range of benefits that guarantee your child’s education plans continue, even if life’s unexpected mishaps strike.
Insurance Protection for the Payer
Waiver of Premium in case of Death or DisabilityThis benefit ensures all remaining premiums will continue to be paid by MetLife in the unfortunate event of the policy owner’s loss of life or disability. This way, we guarantee the child’s education plans won’t suddenly be interrupted.
Critical Illness Insurance
Treating a critical illness can be expensive and often impacts a family’s future. To ensure that your child’s education expenses are covered no matter what happens, Educare comes with an insurance protection that provides five (5) annual payments upon diagnosis of a covered critical illness. This valuable benefit protects your child’s pre-college education and maximizes his or her chance to attend the University of his or her dreams.
WHY IS EDUCARE THE PERFECT PLAN FOR YOU?
With a goal as important as your child’s education, you should be looking into an investment strategy that will guarantee you reach your goal.
Educare will help you:
• Achieve a systematic approach to saving
• Ensure that your investment will keep on earning interest
• Make sure that your child’s college education goes as planned even with life’s unexpected twists and turns.
Year Guaranteed Amounts
1st year of College USD 20,000 annually
2nd year of College USD 22,000 annually
3rd year of College USD 24,000 annually
4th year of College USD 26,000 annually
3 years after graduation USD 26,000 lump sum
TOTAL USD 118,000
WHAT SHOULD YOU DO NEXT?
Ask a MetLife Insurance Consultant to provide you with an illustration that demonstrates how Educare can help you reach your goals and give your children the best start in life.