Securing your child’s education
As a working parent, you worry about whether your kids will have better opportunities than you. With their education covered, they can, and they will. Spend more time making memories and stress a little less about their future education. With the right financial planning in place, you know you’ve got their future, covered.
What is the Education Builder, EduCator benefit & EduCator Xtra Cover?
The Education Builder is an investment plan that lets you invest in your children’s education from pre-school to tertiary level. From as little as R500 a month* invested over 5 years, your monthly contributions can grow to help you secure a brighter future for your child.
The EduCator benefit available from Lifestyle Protector is an added insurance solution that ensures your children’s access to education is protected even if you become disabled, critically ill, or pass away.
EduCator Xtra is a standalone risk cover that pays for your children’s education should you pass away, become permanently disabled or critically ill and also, has a cashback feature. You are guaranteed to get the full value of your premiums paid back in cash* when the child beneficiary turns 18 years should you not claim over the period of the cover. If there is a claim, you will receive the nominal value of all premiums paid up to the date of claim. The cashback is paid as a lump sum and can be used to cover university fees or even that first car.
Why should I consider investing in Education Builder, EduCator benefit or EduCator Xtra Cover?
The world is becoming increasingly fast-paced and unpredictable. What new technologies will your children have to grapple with? What sort of world will they grow up in? And will you be around to guide them? While no one in the world can answer these questions, Education Builder can help secure quality education for your children and prepare them for whatever the future has in store for them.
The EduCator benefit or EduCator Xtra Cover ensures this stays true even if you become disabled, critically ill or pass away. With a good, secure education, your children can grow up to be successful, independent adults.
- It’s comprehensive. The risk cover will pay for your children’s school fees from pre-primary, primary and secondary school and up to their tertiary education. If you opt in for the Prime Institution feature, your child’s high school fees at their prestigious private school will be covered at higher benefit limits.
- It’s flexible. You have the freedom to choose whether you want to cover your children’s education at a Public, Independent, or a Prime category school. The risk cover will also pay for home-schooling where the educational institution is registered with the appropriate governing body in South Africa.
- It celebrates your child. The risk cover includes an achievement allowance that rewards your children should they achieve provincial or national colours in a sport or cultural activity.
- It starts early. The risk cover promotes early childhood development through an allowance which helps cover the costs of nursery schools, day care or similar institutions.
- It’s mobile. If your children emigrate while in claim, The risk cover will continue to cover their tuition costs at primary, secondary or tertiary schooling level, up to the applicable Rand limits.
- It’s international. The risk cover gives your children the opportunity to study at an approved international tertiary education institution through our prestigious university list. If the EduGlobal feature is taken out, then a child can attend an international institution as part of an approved network, covered at three times the Rand limit.
- It’s immediate. No waiting period applies.
- It covers inflation. Liberty adjusts the risk cover benefit every year to keep up
How do I invest in the Education Builder, EduCator benefit or EduCator Xtra Cover?
You can invest in the Education Builder through monthly contributions.
The EduCator benefit available from Lifestyle Protector will be a monthly premium that is charged to maintain your insurance policy and the premium is determined based on various risk factors, including the child’s age and choice in an educational institution – the premium is in addition to any other benefits you might have under Lifestyle Protector.
EduCator Xtra Cover , is a standalone risk cover where you are not required to have prior risk cover with Liberty, making it easier for everyone to secure their child’s education. You would pay a monthly premium that is charged to maintain your insurance policy and the premium is determined based on various risk factors, including the child’s age and choice in an educational institution.
Disclaimer:
The information contained on this page does not constitute advice by Liberty. Any legal, technical, or product information contained in this document is subject to change from time to time. If there are any discrepancies between this document and the contractual terms and conditions the latter will prevail. Any recommendations made by your adviser or broker must take into consideration your specific needs and unique circumstances.
Liberty is an Auth FSP(no 2409). Terms, Conditions’s risks and limitations apply*
