British Friendly Society : Century Education Plan

Product profile

Description

Can help safeguard your child's education and builds up a tax-free capital sum which can be used to pay off outstanding student debts when their course is over. The plan pays out if your child has a common illness, such as tonsillitis or chicken pox or something more serious longer term. How you spend the money is up to you.

For

• Aged 0 to 15

Maximum amount payable

• £300 a week

Basis of cover

Benefit is paid in three stages: Full Pay (100%) for the first six months, then Half Pay (50%) for the next six months followed by Reduced Pay (30%) until recovery or age 60, whichever comes first.

Benefits

• You choose the amount

• Bought in units

• Registered Nurses helpline

Options

• Deferred period; 0/4/8/13/26 weeks

Last updated: 29 March 2011