Education Account

What is an Education Account?

An education account ensures that your child’s future education is financially secured, even if unexpected events affect the family’s income or savings. Tertiary education is becoming increasingly expensive, and planning early allows parents to accumulate sufficient funds to cover tuition, living expenses, and other educational needs. By combining protection with systematic savings, an education account safeguards your child’s academic future while giving you peace of mind.

Why is it Important?

As representatives of Great Eastern Life Malaysia, Heroes FP Network offers access to education account solutions that provide both protection and investment growth. This ensures that, in the event of death, total permanent disability (TPD), or other unforeseen circumstances, your child’s education remains uninterrupted. Early planning also allows your savings to benefit from potential investment growth over time, helping you achieve the financial goals set for your child’s future.

GREAT Flexi Wealth: Protection with Growth

GREAT Flexi Wealth (GFW) is a universal life plan designed for family wealth planning, offering both protection and savings growth. With flexible premium payment options and guaranteed yearly cash benefits, this plan helps parents secure their child’s educational future while providing financial protection for the family.

• Short Financial Commitment with Flexible Premium Terms: Choose a premium payment term of 5 or 10 years, with protection lasting 20 years, making it easy to plan and manage your contributions.
• Easy Enrollment Without Medical Checks: Apply effortlessly with no health questions or medical examinations required.
• Yearly Guaranteed Cash Payment (GCP): Receive a guaranteed yearly cash benefit, which can be withdrawn or left in the plan to grow further, helping your savings work harder over time.

• Coverage for Death or TPD: Ensure your family’s financial security with a payout of the greater of the Prevailing Sum Assured or Account 1 Value, plus any Account 2 Value, in case of non-accidental death or total and permanent disability.
• Double or Triple Protection for Accidental Death: Additional coverage ensures your family receives higher protection should accidental death occur.
• Maturity Benefit at the End of Policy Term: At policy maturity, receive in one lump sum the higher of 105% of total Basic Annualised Premium paid less total GCP, or Account 1 Value, plus any Account 2 Value.
• Uninterrupted Protection with No-Lapse Guarantee: The No-Lapse Guarantee ensures your policy remains active even if Account 1 and Account 2 values become zero, provided premiums are paid on time and there is no overdue interest.

With GREAT Flexi Wealth from Great Eastern Life Malaysia, you can take the important step of safeguarding your child’s dreams and ensuring their education is fully funded, no matter what life brings. This education account acts as a safety net, giving your child the freedom and confidence to chase their aspirations, while you can rest assured that their future is protected. Depending on your financial goals and comfort with risk, SmartProtect Junior or Great Wealth Enhancer can also be chosen, allowing you to build a legacy of love, security, and opportunity for the generations to come.