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CONTACT USHaving a good education is one of the most valued, significant assets in the job market.
Today, workers with a university, master or higher degree, who have an inclination toward technology, typically receive the highest salaries and have the lowest unemployment rates. On average, an employee with a professional degree earns three times more than a worker without a high school diploma1.
However, the cost of a four-year degree at a private university in the United States can cost more than US $200,000 (2018/19 period)2, which has historically increased at a rate of 5% per year over the last ten years3.
For this reason, an education savings plan is an essential tool to succeed.
StateTrust Life offers the following plans:
- Scholar: An education plan with variable returns, which provides a savings component to invest in fixed and variable income funds and indexes. This plan covers educational expenses at the beginning of the education period.
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1 U.S. Bureau of Labor Statistics (BLS), The Economics Daily, https://www.bls.gov/opub/ted/2017/high-school-graduates-who-work-full-time-had-median-weekly-earnings-of-718-in-second-quarter.htm.
2 Annual tuition costs for the 2018/19 cycle, Massachusetts Institute of Technology MIT. http://web.mit.edu/facts/tuition.html
3 U. S. Department of Education, National Center for Education Statistics. (2018). Digest of Education Statistics, 2016 (NCES 2017-094).
| Features | Benefits |
| These plans are an important part of planning for an education, as they provide a bi-annual income to pay for student expenses. | The policyholder receives bi-annual payments for educational purposes. |
| StateTrust Life’s education plans provide investment options in multiple currencies, based on customer preferences, as well as diversified investment profile options. | A diversified way to plan and pay for higher education. |
| Clients choose the amount they wish to deposit and the period for contributions. | Contributions are invested in bonds, fixed return mutual funds and global stock market indexes, according to the investor profile and currencies selected by the customer. |
| Each policyholder chooses the time period when their children will receive education payments. | Flexibility to choose the amount and duration of contributions, and the date when education payments begin. |
| Includes a death benefit through a life insurance component. |
