Multi-currency Education Plan
In the 21st century, knowledge has become the most important asset in an economy and workers who are well educated and technology savvy command the highest salaries and have the lowest unemployment rates. An employee with a professional degree earns in excess of 3 times as one without a high school degree. * A top notch education is critical to success in the workplace. However, costs for a four year education at the most prestigious universities in the United States can run upwards of $200,000 (as of 2009) and are growing at a 5% annual rate. Thus, an education savings plan becomes a necessary tool to pay for such an education. StateTrust Life and Annuities offers several investment options in the currency of your choice (which could be based, for example, on the currency of the country in which the education will take place). StateTrust offers two education plans:
- Scholar A variable return education plan offering a savings plan that invests in fixed and variable income funds and indexes, and that at the beginning of the education period will pay out to cover educational expenses.
- Eduplan A guaranteed return education plan offering a savings plan with a fixed return, which guarantees a certain amount of money to be paid out throughout the educational period chosen.