Addressed to individuals up to 65 years old, who wish to support financially their children/grandchildren during their studies.
It aims to provide the funds financing a child’s professional education, whether the insured parent is alive or not at the time the child enters the course.
It also secures monthly income for the child’s financial needs prior to his/her studies in case the insured parent dies.
It creates an irrevocable trust for the child, allowing the insured parent-donor to collect the benefit if, contrary to his wish, the child refuses or fails to enter the course.
In case the insured parent becomes unable to exercise his/her occupation, the policy's provision waives his/her obligation to pay the premiums due and the plan continues as it is, with all its benefits in force.
Plan duration 10 to 25 years.
Indicative Yearly Premium:
Any amount, with a minimum monthly premium of €42,71 for any age.
Additional Benefit for the Beneficiary of the Altius Student Options Plan
It's a term life insurance plan offering a total amount of coverage which is reduced every year. It provides to beneficiaries a fixed periodic income, when the main insured (parent) dies. It accumulates no surrender value.Read More