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Education policy for my daughter
Rank: Member Joined: 12/2/2009 Posts: 161 Location: nairobi
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I have a daughter who is almost 2 years old and am thinking of taking insurance for her education. I have been approached by sales agents from CFC life, Jubilee and Old mutual. Any positive experiences from Wazualendo on education polocies that may help me make the right choice?
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Rank: Member Joined: 7/11/2008 Posts: 21
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@redondo,cfc life so far has been a good one and i know of enough pple who've taken up savings plans for their children.my experience with old mutual hasnt been a good one coz the investment was a mutual fund.why dont you try an offshore education savings plan with say Friends Provident International?their local representative is Dry Associates Investment Bank based in Westlands
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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Hi, Keep off kabisa from these Education Insurance things, the Rate of Return you will get will be negligible...........just take your time to invest wisely.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Had a 14 year policy with Canon and a 9 year one with Jubilee. Both matured and I was paid off. The returns on the cash I contributed didnt get to double digits and in retrospect they were BAD decisions.
What I should have done is take out pure life insurance for myself, and buy some stocks - any stock and park them for that period of time.
Education policy benefits only the agent who sells it to you.
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Education policy for my daughter
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