Future Scholar Policy
Pinnacle Life’s Future Scholar Policy is an investment-linked life assurance policy designed to guarantee and secure the education of the policyholder’s child or ward. It helps the policyholder accumulate funds to finance the child’s education, from kindergarten through basic education to the tertiary level. Additionally, it provides life cover, ensuring the child’s education is safeguarded should the policyholder pass away before the child completes their education.
Features:
- A term is selected for the plan with a minimum of seven years.
- Policyholders can choose a minimum cover of GHC 500.00, with flexible contributions depending on the policyholder’s capacity, with a minimum monthly contribution of GHC 50.00.
- Contributions are deposited into an educational fund (Scholar Account) with compound interest applied.
- The life cover amount, along with the accumulated funds, will secure the child’s education in case the policyholder passes away.
- At the end of the policy term, the total investment becomes available for the child’s education.
- Premium payment options include monthly, quarterly, half-yearly, or annually.
Future Scholar Policy - FAQs
1. What is the Future Scholar Policy, and how does it work?
The Future Scholar Policy helps parents or guardians accumulate funds to finance their child’s education, from kindergarten to tertiary level. It also provides life cover to ensure that your child’s education continues if something happens to you.
2. What are the benefits of the Future Scholar Policy?
This policy offers attractive investment returns, ensuring that your savings grow over time to cover your child’s educational expenses. In the event of your death or permanent disability, the policy’s life cover guarantees that your child’s education will continue without interruption.
3. How flexible are the contributions and payouts?
You can make monthly, quarterly, half-yearly, or annual contributions based on your financial ability. At the end of the policy, you have the option to take the total benefit in a lump sum, in instalments, or defer the payout to earn additional interest.
Interested in Our Future Scholar Policy?
Secure your child’s future today! With Pinnacle Life’s Future Scholar Policy, ensure their education is guaranteed, no matter what. Start investing now!