Multi-currency Education Plans – Stages of Multi-currency Education

Multi-currency Education Plan
Our education plans offer the option of investing in the world’s most important capital markets. Our plans provide the added convenience of making payments and receiving benefits in your currency of choice: US Dollars, Euros, Sterling Pounds, Canadian Dollars, Swiss Francs, Australian Dollars, among other major currencies.
Stages of Multi-currency Education.
  1. Planning for your children’s education begins long before they reach the age to enter a university.
  2. A financial consultant will work with you to determine the disposable income that you will need for your children’s education. The consultant will help you determine your investment profile and your tolerance for risk and volatility. This way you decide how much to invest in the education plan of your choice.
  3. Once you have decided on the amount of income available for savings, as well as the estimated costs of education with the assistance of your financial consultant, an outline or example of a plan will be drawn up for your evaluation and final decision. This sets the plan in motion.
  4. You will then begin to make periodic contributions during an established period of time. Your money will be invested in the mutual funds you select, based on the profile you have chosen. Every so often, if you wish, you may re-balance and change your chosen mutual funds and the amount assigned to each one of them.
  5. When your son or daughter begins his/her higher education, you will start to receive an income every six months during the number of years you have selected.
At StateTrust Life and Annuities, plans also offer a full insurance option for your children’s education savings plan, which is activated at the time of death of the insured and before the benefit payment period starts.