Unique tax and probate efficient structure enabling the benefit to be paid directly to the school
Automatic fee tracker that increases the claim benefit by inflation (Retail Price Index) plus 2% each year
Different levels of cover to suit you
Cover continues right up until your child leaves school at 18
Can be converted into University Fees Insurance cover
No medical underwriting required
Cover can be taken out at any time, not just at the beginning of the school year
Julie, managing director of her own company and her husband, Roy, a management consultant from Staffordshire, wanted to provide the best education possible for their son, George. When he was at his prep school they decided to take out School Fees Insurance through SFS Group, which would cover his school fees if either of them had a critical illness or died. "It gave us peace of mind and some security for his future education needs" explains Julie.
The School Fees Insurance scheme was established in 1991 and is set up as a group life insurance scheme with a trustee (backed by an insurer, Unum) as the policy holder rather than an individual.
It is a unique scheme as it enables policy proceeds to be paid directly to a school rather than to any individual which avoids any taxation or probate issues normally associated with a deceased estate.
With school fees continuing to rise faster than salaries, this crucial scheme can protect the education of your child should the worst happen.