Nowadays higher education has become a necessity to insure a bright future to our children. However, the cost of education is considerably increasing and might constitute a financial burden if we don’t plan for it.
This is why Lebanese Swiss Bank & Allianz SNA combined their expertise to present the Education Plan: the adequate solution that provides you saving and protection for your children’s education.
Illustrative table
Figures are based on a monthly premium of 50 USD with an annual variation rate of 3%.
(The table of projections is for illustration purposes only and actual results could differ materially from the content of the table)
Age of Insured |
Age of Child |
Total paid Premiums (USD) |
University Tuition when child reaches 18**(USD) |
|
3.5%minimum guaranteed annual return on investment* |
7%annual return on investment |
|||
28 |
1 |
13,152 |
16,247 |
22,952 |
30 |
2 |
12,180 |
14,789 |
20,510 |
33 |
3 |
11,244 |
13,390 |
18,236 |
37 |
4 |
10,332 |
12,033 |
16,091 |
41 |
6 |
8,580 |
9,592 |
12,370 |
44 |
8 |
6,924 |
7,437 |
9,258 |
*The company reserves the right to increase/decrease this rate once per year at the end of the fiscal year, as many times as it deems necessary during the lifetime of the policy, by written notice and/or through a public announcement.
*In case of any increase or decrease of the minimum guaranteed rate at the date of issue, it shall only affect allocations generated from future premiums paid after the date of such change. Therefore the above investment amounts might change accordingly.
**The University Tuition can be either paid as a lump sum according to the customer’s preference, or spread over annuities starting from the age of 18 which increases its total value.
For more information or to ask for a personalized offer, please visit any of our branches and we will be glad to provide you with the necessary information.