I remember years ago, one of the countries educational plans abruptly closed its operation, leaving its plan-holders weeping and sobbing, where did their money go, they invested a lot of if their finances for the better future of their kids,and yet what happened? Their money they paid for premium was lost 🙁 This is not the sole case here in our country, it happens also in some life insurance plan.And now I ask, are we still insured with Insurance?
This is the reason why I am dubious of getting an educational plan for my baby, what if what happened before happens again in future, worse, to the plan that I will be getting, an educational plan or equotes life insurance, wasted money. This really needs to be carefully analyzed, collate information and study each plan offers by many provider, check also the stability and integrity of the providers offering such plans. You don’t want to go your money anywhere, you don’t want to re-save because of the money that might be lost.
Now, before getting any plans and insurance, think think think a million times. Don’t be impressed by sales talk, study the plan before deciding, ayt?