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Tuesday, September 08, 2009

Education Savings for Dylan

Great Junior Advantage Series by Great Eastern insurance ...
  • Signed up an insurance plan for Dylan for his education in the future. Knowing that me and yve not able to support his education fund in many years to come when the inflation rate rised.
  • Mine is just purely on savings. Once withdraw the lump sum ... GE will pay me guaranteed 4% and another 4% non guaranteed of the sum assured of RM 30k till age 87 ... sounds good?
  • For parents, do you subscribe an Insurance plan for your children?

Can pay a monthly car loan already ... darnnnn ... there goes quarter of my Benz dream car .... thanks to Eric for helping me all this.

19 comments:

TZ said...

Wow! you start saving the education fund for Dylan... :)

fufu said...

wow...cool!!! better do it now so you could relax when dylan needs money to further his studies in the future =p

Twilight Zone said...

The good thing is that you can use it half way if emergency happens. Anyway, pray that he studies in local universities which are good enough. Right?

reanaclaire said...

actually i m also thinking of buying for both of my sons.. they dont have one yet.. looking for GE plans too.. heard they have some packages in store.. will check them out..

reanaclaire said...

actually i m also thinking of buying for both of my sons.. they dont have one yet.. looking for GE plans too.. heard they have some packages in store.. will check them out..

CH Voon said...

wah... so expensive to pay ar...

mmm good father!

uLi.佑莉 said...

Wao! You are dam efficient la...I not sure whether I will be the same as you or not...but now I feel I will not buy la...But who knows... :) Good Daddy la u..

Lulu said...

You must prepare to lost another quarter of Benz when u get another baby later...

My dad told us dat's Y he cant afford a Benz..haha!

Great dad~~~

Cath J said...

Great decision!!! Me and hubby did that too... But we with PRU..

Everything will increase in future T_T.. we will never know whats gonna happen..

Adrian & Aeiween said...

Good la at least you guys got the plan! Better save early rather than later.... Good Good! ;)

Mei Teng said...

It's good to start a saving plan for your child's education.

Medie007 said...

wow... start planning dy... :D great financial planning! "D

Xjion89 said...

i thnk my dad did the same thing for me~~~~^^

Clement said...

Good return. 4% is quite hard to get this year 2009.

But I find saving upto 19 years really long. I would expect to wrap up Edu funds in 12-15 years only.

dhemz said...

wow! Dylan is super lucky to have a wonderful parents like you and Yve, Via.....am sure he will thank you guys!

great job for planning forward on Dylan's future....:)

LittleLamb said...

medical n life insurance buy or not???
hehehehehe

yeah..its expensive, but we hv no choice lor

vialentino said...

tz: start earlier better...sure i will claim back next time from him.

fufu: not able to cover his education fund next time...this is to help to reduce the burden only.

twillight: even better if he can get a scholarship ... then i can buy a Brabos Benz...kekeke.

reana: wah...buy 2 insurance sumore...yeah...u can check on GE plan.

ch voon: this is the amount i can afford only...got other loans to pay also ler.

uli: of course u cant buy now unless u got 'sai loh chai' ...hehehe....

lulu: yaloh...quarter of my benz dream gone ler...if got another kid next time...will downgrade to proton ler.

cath j: i think pru or GE is the same...as long it can give good return in future and reduce your burden.

aeiween: next time u kahwin also u know ler...will do that for ur kid too...hehehe.

mei teng: yeah.

medie: yupz...

xjion89: wow...lucky u...i dun have at all ler.

clement: at least got 4% fixed...i am happy...the extra one, any figure will do. This one u just need to pay up to 10 years only.

dhemz: actually, just wanna reduce our burden in future ... cause we dunno how much the education fee will cost.

little lamb: medical covered by my company. so din buy. yaloh...insurance not cheap lah...rm 450, i can pay a car loan

foongpc said...

That's a smart move! You are a smart dad! : )

vialentino said...

foongpc: thanks...have to ler...else in future, no money for him

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