Giving your children a headstart

1. WHY SAVE FOR YOUR CHILDREN’S EDUCATION?

"The beautiful thing about learning is that no one can take it away from you." – B.B. King

By starting to save early, you can ensure that your children are able to get the education they need.

Expected cost of one year of education

2. HOW CAN YOU PREPARE FOR YOUR CHILDREN’S EDUCATION?

Taking the above costs into consideration, one should consider education planning as soon as your child is born. But, if you haven’t yet, start today - it is never too late.

i. INSURANCE: FOR IMMEDATE PROTECTION

Educator Protector - This benefit covers the costs of schooling on death, sickness or disability.

ii. INVESTMENT: FOR FUTURE PREPARATION

There are various investment solutions that are tailor-made for your circumstances such as:

• Unit Trust

• Tax Free Unit Trust

• Endowment

3. THE LIFELONG ADVANTAGES OF EARLY FINANCIAL EDUCATION FOR CHILDREN

Early financial literacy equips children with essential life skills that promote responsible money management and long-term financial well-being. Key benefits include:

• Developing budgeting, saving, and spending habits

• Building responsibility and confidence

• Reducing future debt risk

• Encouraging entrepreneurship and critical thinking

• Understanding the value of hard work

• Promoting financial independence and better investment decisions