Education is one of the most important investments parents can make, but also one of the most expensive. Whether your child is in preschool or preparing for university, the cost of education is rising steadily every year.
Life insurance might seem like a practical way to plan for the unexpected, but in reality, managing your child’s education costs through a standard life policy can be complex, risky, and admin-intensive. That’s where education insurance, a relatively new solution on the market, can make a big difference.
What does it cost to put a child through school?
The numbers are sobering. According to research commissioned by Old Mutual, the national average cost of a year in public high school was R31,343 in 2021, with private schools coming in at nearly three times…
