TOP EDUCATION INSURERS IN THE US
Many people donot see the benefits and purpose of education insurance. They are mainly focused on life, health insurance and among others. The cost of education today might be different from the cost of education tomorrow. Educational insurance will help you plan and make better preparations for your child. It should be noted that, the cost of continued study will increase over the years due to inflation and so on. Due to this increment of the cost of education, parents who have not make any preparation towards their childs education tends to struggle in paying of the school fees and education bills of thier child. This call for the need of education insurance. It provides an insurance cover on your target amount, so that your children get money for their education should you pass away or be permanently disabled before the plan matures. This writings will aim at depicting some the top education insurers in the USA.
- AXA Equitable Life Insurance Company:
AXA Equitable Life Insurance Company is known for its 529 college savings plans, which provide tax-advantaged options for education funding. These plans allow families to invest in a variety of portfolios to meet their individual needs. With its solid reputation and comprehensive savings options, AXA Equitable is a trusted name in the education insurance industry.
- Mutual of Omaha:
Mutual of Omaha is a well-established insurance company that offers the Mutual of Omaha Children’s education Insurance policy. This policy provides lifelong coverage for children, with the added benefit of accumulating cash value over time. The lump sum can be used to finance educational expenses, ensuring a secure future for your child. Mutual of Omaha’s comprehensive rider options and excellent customer service make it a popular choice among families seeking education insurance.
3.Prudential Financial Inc
Prudential Financial is one of the leading insurance companies in the USA with a strong presence in the education sector. Their education insurance policies offer comprehensive rider options, including tuition protection, college savings plans, and loan protection. Prudential’s education insurance plans are designed to support families at every stage of their educational journey, from preschool to college and beyond.
- MetLife:
MetLife is known for its wide range of insurance products, and their education insurance offerings are of no exception. They provide policies geared to meet the specific needs of families, such as college savings plans, student loan protection, and tuition reimbursement. MetLife’s education insurance aims to alleviate the financial burdens associated with education, enabling families to focus on their children’s academic and personal growth.
Securing an education policy for yourself, child or ward from the above companies can be a plus to you if only you are living in the US.