Features & Benefits of Max Life Future Genius Education Plan

Max Life Future Genius Education is an insurance-cumulative savings plan that helps you to build wealth for your child's future financial needs, such as further education, marriage expenditures, or a dream job or business. This plan ensures your child's financial security even if you are not present. If you pass away while the insurance is active, a death benefit will be paid to your child or the appointee if the child is under the age of 18. This plan also gives you the freedom to choose the insurance term, premium payment, and money back distributions based on your child's future financial needs.

Max Life Future Genius Education Plan Features

The following are some of the highlights of the Max Life Future Genius Education plan:

• Provides financial protection to your child in the event of your death.
• In the previous four policy years, a guaranteed money back refund was granted.
• The ability to determine the payment term for premiums and the insurance duration
• Option to choose from three additional options
• Provides tax advantages
• This package gives you the freedom to choose from five different rider alternatives.

Advantages Of Purchasing the Max Life Future Genius Education Plan 

The following are some of the advantages of purchasing the Max Life Future Genius Education plan:

1. Your Child's Financial Security

In the event of your absence, the Max Life Future Genius Education plan will provide financial security to your child. If you die during the policy term, your nominee, usually your child or an appointee if your child is a minor, will get a death benefit that will cover your child's future financial needs, such as higher education, marriage expenditures, or a dream career or business venture, while you are gone.

2. Advantage of Maturity

A maturity benefit of 25% of the total insured is provided in the last four policy years of the policy duration under the Max Life Future Genius Education plan. The maturity benefit can assist you in funding your child's financial needs, such as a dream wedding, dream job, or assisting them in launching a business.

Guaranteed Money-Back Payouts: If the life assured lives the whole policy term, this plan gives guaranteed money-back payouts in the last four years of the policy term. Money back reimbursements are equal to 25% of the guaranteed amount.

3. Appreciation of Wealth

The Max Life Future Genius Education plan is a participation plan, which implies that bonuses are paid out based on the insurance company's performance in the market. Cash, Premium Offset, and Paid Up Additions are the three bonus options accessible under this plan.

Conclusion

Parents can ensure that their child has a financially secure future and receives the best college education possible by enrolling in the Max Life Future Genius Education Plan. Guaranteed money backs, a maturity benefit, and complete financial security in the event of death are all features of this plan. If the life insured dies, the death benefit is paid and all future payments are waived under the Policy Continuance Benefit. Furthermore, all benefits, including moneyback and maturity benefits, are paid to the beneficiary when they are due. This ensures that the child's future is protected even if a parent is not present.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.