Save for Your Child’s Education
With Ingré Oosthuizen from Liberty
What is Education Cover? According to Ingré Oosthuizen from Liberty Life, it is the key to your child’s future and the foundation of their life journey. With ample experience as a Financial Adviser at the Menlyn branch in Pretoria, Ingré shares why you cannot afford not to have the necessary financial cover in place.
TELL US MORE ABOUT EDUCATION COVER FROM LIBERTY?
“Liberty knows how important financial and educational security is to parents. Therefore, we’ve created a benefit called the Liberty Educator. It covers your child’s tuition fees from pre-primary to tertiary in unforeseen events such as death, permanent disability, or critical illness.”
WHAT IS THE DIFFERENCE BETWEEN LIFE COVER AND EDUCATION COVER?
“Let’s start off by looking at our research: On average, your child’s public-school education (from primary to tertiary) costs over 1,9 million rand, with private school over 4 million. Now, think of it this way: If you only have 2 million life cover, you will only be providing for one child’s public-school fees. Liberty Lifestyle Protector, your main life cover, should be taken to cover estate costs and to leave a legacy, where Liberty Educator is a benefit added to your Lifestyle Protector, solely to provide for tuition fees.
This amount pays out directly to the chosen institution, so that you can have peace of mind that your child will have continued access to proper education. This benefit not only covers public schools, but also includes private schools and registered home school institutions. As you know, Covid changed our lifestyles, so Liberty’s benefits adapted to it.
We also have another benefit cover included for special needs tuition for physically and mentally disabled children, of up to 140% of the maximum rand value.”
WHAT IS THE DIFFERENCE BETWEEN THE EDUCATOR BUILDER AND EDUCATOR BENEFIT FROM LIBERTY?
“Our Educator Builder is an investment vehicle to build funds for your child’s future education needs. You can start investing at any time to ensure that future expenses such as University, or even High School start-up funds, are covered.
The Liberty Educator benefit is not an investment, but rather a security in knowing that should you pass away, become disabled, or critically ill, your child’s tuition fees are taken care of. Liberty’s cover doesn’t stop at tuition, but also pays out towards extramural activities, extra lessons, uniforms, stationary, textbooks, and transportation. Should your child excel in sport, cultural, or other activities at provincial or national level, incentives will be awarded”.
WHAT ADVICE CAN YOU GIVE A NEWLY MARRIED COUPLE LOOKING TO START A FAMILY, WHEN IT COMES TO PLANNING FOR THEIR CHILD’S FUTURE EDUCATION?
“Start saving with Liberty’s Education Builder investment today! You don’t even have to be pregnant yet, or have a child, to start saving towards this goal. As soon as the time is ripe for your family to expand, you can add the Educator Benefit to your Liberty Lifestyle Protector. This will not only enable you to leave a legacy but also pave the way to your child’s success.
In addition, we also have blended families and single parents, thus making it as important for them to add this benefit as it would be for young couples to do so.”
With Ingré’s holistic approach to analysing her clients’ financial needs, she loves to take on new challenges and give her clients the opportunity to grow in all aspects of their journey. Contact her today so that she can help you create and secure a financial legacy with Liberty Life, not only for yourself, but also your loved ones, and your business.