University Fees
Wherever you are in the world, and wherever you choose to have your children educated, the cost of a university education is significant and escalating every year. I offer a range of savings, investment and protection plans that can be used to save for school fees and to ensure your child’s uninterrupted education, even if the unthinkable should happen to you.
Watch the video from Friends Provident International below, one of Guillermo's partners, to further understand the importance of saving for your children’s education with the help of a suitable policy.
What is Child Education Planning?
It is the process of ensuring the availability of adequate funds for your children's higher education. It involves the following steps:
Evaluating the present cost of education in renowned destinations like the US, UK, Canada, Europe, India, Singapore, Australia, and UAE.
Estimating the impact of inflation between now and the year of starting college, to calculate the corpus required for Higher Education,
Determining the best investment strategy:
How much to invest as a lump sum or as a regular monthly investment to build the required corpus.
The risk-reward tradeoff.
Shortlisting suitable investment plans and helping you invest in the best Education Savings Plan.
Securing the goal with adequate life insurance to ensure that your dreams and their aspirations are not stalled even if you are not alive or unable to earn due to disability or a major critical illness.
Managing the investments ( review and rebalance)to ensure your goals are met.
Frequently Asked Questions
What are my investment choices?
You can choose from the following 3 options;
-Guaranteed Capital and Return Plan
-Capital Protected and Bonus based Plans
- Mutual Fund-based Education Savings Plans
What happens If I move out of UAE during the term of the plan?
His education planning solutions are made with expat needs in mind, hence they are very flexible. You can choose from one of the following options when you are moving to another country;
Continue the plan as it is and make the regular investment via international credit card or account transfer
Make your plan paid up(stop further investments) and remain invested till the money is actually needed
Reduce the regular investment to suit your financial situation
Commute the future premiums into a lumpsum investment to avoid regular investments
Surrender the plan partially or fully.
Can I increase my investments in the future?
Yes, you can increase your investments anytime.
Can I Invest a Single Lump-sum into an education plan?
Yes, Investing a Lump-sum is a good idea. You can also make regular or ad-hoc top-ups at your discretion.
Can I use the money for purposes other than education?
While not recommended, you can use the money for other purposes.
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