School Fee Protect Insurance
Are your kid’s school fees protected if you lose your job?
An interesting new Insurance Product now available in Australia, and backed by QBE Insurance.
Policy Insures Parents against Involuntary Unemployment or sickness and covers the School fees for 6 months against Involuntary Redundancy and 12 months against Sickness. Both Schools and Parents have the surety and comfort that their children will remain at school in the vent of financial hardship.
What would happen to your child’s education if you lost your job or were injured?
Education. Possibly the most important gift you can give your children.
School Fee Protect Insurance helps provide peace of mind by protecting your child’s precious education.
It’s not pleasant to suddenly have to look for a new job, recover from serious illness or injury.
Another unpleasant part of these changed circumstances can be the sudden and unexpected impact on your ability to afford your child’s school fees.
After all, as a parent who has chosen to invest in a private (independent) school education, you value the positive impact your chosen school will have on your child’s future.
Relax with School Fee Protect Insurance.
With this cover, you’ll know that if you (or your partner) becomes unemployed, sick or disabled, your child’s school fees will be paid by QBE, for up to 6 months for involuntary unemployment cover and 12 months for disability cover.
Their education continues uninterrupted. Your investment in them continues.
School Fee Protection Insurance helps give you the space you need to get on with your job search. Or to recover from an injury. Your cover is provided by one of Australia’s leading insurers, QBE.
For less than a gold coin a day, depending on your child’s annual tuition fees, your child will continue learning with their friends, while you get back on your feet.
By protecting their fees, you minimise the impact on your child’s education during a difficult time for your family.
And best of all, the premiums are very attractive, from as little as a gold coin a day, depending on your child’s annual tuition fees. That’s less than a coffee!
Thanks to Steadfast Group Limited, Johnny Marchant and QBE Insurance for your insights into this.
This article originally appeared on Dawson Insurance News Blog and has been published here with permission.
Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Brad Dawson.