Education has become very expensive in Kenya. School fees are ever-rising and the cost has gone far beyond the capability of many Kenyan parents. Coupled with inflation, Kenyan parents are constantly worried whenever school terms resume. According to a report by the UN, education in Kenya is turning millions of parents into paupers and “killing the dreams of millions of our children” and the sad part is that education is a basic need.
In Kenya, schools are divided into three categories; public, international and that that combines both national and international curriculum. For international schools, parents have to part with between 4,000 to 20,000 dollars per semester while for the Kenyan curriculum, one has to let go between 850 to 3,000 dollars per term with three terms per year.
What many parents in Kenya don’t know is that they can plan for the education of their children. The best way one can plan for the future of their children is through saving and there is no better way to do that than through a viable education plan.
Read: School Ranking is Back, will this Help Ease the Situation?
Educator plan from Liberty Life is the best plan for securing the future of your child. The plan, protects the future of your children for you. The plan is designed as a savings and protection and with it, one can be always confident that their children will always be secure for the money will always be available to meet any critical need. With this plan, one also gets to test such benefits like extra life cover, accidental benefits as well as premium waivers.
How does this plan work?
- As it is never too early to start planning, the plan can be set up to provide cover from as early as when the child is 3 months old. The plan runs from 10 to 20 years.
- The Educator offers returns in the form of 4 payments before maturity at the rate of 14%, 14%, 14%, 14% & a final payment of 50% of the sum assured after completion of the full period (5 payments in total)
- One can choose, with extra premiums, any of the following additional benefits that provide additional protection for the parent:
- Child Protection Agreement (CPA)- waives future premiums upon death of the premium payer
- Education Protection Rider- Monthly payments of 1% of sum assured and waives future premium payments upon death of the premium payer
- Disability Protection Rider (DPR)- Monthly payments of 1% of sum assured and waives future premium payments upon total disability of the premium payer.
As a parent you want what’s best for you children. You have big dreams and so much hope for your children. You always want to give your kids a better life than the one you had. But with the inflation rate and increased standards of living the cost of education keeps going up, you are secretly worried if you will be able to give their children the best in life. Liberty Life will make all these worries be the things of the past.
You want to know how you will secure the future of your child? Then THIS is the place you should visit.