MANILA, Philippines — One of the main areas of a child’s life that affects how well he or she will grow into a successful and competent adult is education. For many families, education is a priceless privilege. It opens the door to an array of opportunities – or at the very least – it is regarded as a stepping stone in getting ahead through life’s hardship. Every parent dreams for their little ones to succeed in life and most of them sacrifice a lot in order to send their children to a good school in college.

But in reality, education costs money, and is expensive in the Philippines, especially in private schools. Tuition fees not only escalate by 15% yearly, it is much more than that.

The increase is hidden as miscellaneous fees. That is why, statistics show that out of 6 million students who entered high school, only 2.4 million or 60% entered college. Of this 2.4 million, only 58.62% graduated. Because of high tuition fees, college drop outs have tremendously increased.

This means that our Filipino youth had to stop schooling and start working at an early age to augment the family income, sacrificing their dream of going to a good college. The weight of such financial hardship becomes overwhelming not only for parents but for some children as well, who take on the role of breadwinners themselves, just to help keep their household afloat. Unfortunately, because they lack the education required of a good job, most end up working as casual employees while some are unemployed most of the time. And guess what anti-social activities do they end up with?

Ask yourself? Do you want your children to be able to finish a college degree and work in a reputable company after graduation? Can you afford the tuition fees by the time any of your children reaches the age of 17 and is ready for a college education? What can you do to secure a bright future for your little one?

Aside from saving in the bank for your child’s future education, fortunately there are financial programs nowadays that can help you provide quality education for your children. The Smart College Protector Plan is one worthwhile consideration. At a fixed monthly rate and payable only in 5 or 7 years, the program enables you to start building up a college fund for your little ones even before they start formal schooling. Planned to work to your advantage, the Smart College Protector Plan is an affordable insurance plan which is designed as an educational plan, so that your child will receive a Yearly College Fund for 5 years. The total college fund your child will receive can reach up to P 500,000, depending on the plan that you decide to sign up for.

Another helpful feature of the plan is the protection it provides to the child knowing that being in school or in the streets exposes children to a lot of risks. The child is covered with life insurance of up to P 500,000 up to age 21 and doubles to P 1 million for accidental fatal injury.

Another risk that the Smart College Protector Plan protects against is the untimely death of the Payor, e.g. the parent or legal guardian of the child. If death occurs within the payment period, premiums will be considered fully paid and all benefits will be extended to the child. Additionally, the child will receive a pre-college allowance of up to P 50,000 each year until the age of 16.

As young as 0 age up to 10 years old can be enrolled in this Smart College Protector Plan. Premiums are payable in a short term of either 5 or 7 years.

Quality education is a priority for any parent, but it doesn’t have to be a burden. With smart financial planning, your children are guaranteed a future where all doors lead to a better and more secure life. Getting a Smart College Protector Plan for your child definitely would help your little one get a good start in life.

If you wish to know more about the Smart College Protector Plan, please call (02) 711-9188, 712-3756, 712-2710 or 712-3410. You may also follow the link provided below. A downloadable enrollment form is available for those interested to apply for the plan. advt

Originally posted: September 23, 2013, 5:06PM