{"id":242752,"date":"2022-11-11T22:18:58","date_gmt":"2022-11-11T20:18:58","guid":{"rendered":"https:\/\/mypr.co.za\/?p=124494"},"modified":"2022-11-11T22:18:58","modified_gmt":"2022-11-11T20:18:58","slug":"who-will-pay-the-school-fees-if-you-pass-away","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/who-will-pay-the-school-fees-if-you-pass-away\/","title":{"rendered":"Who Will Pay The School Fees If You Pass Away"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/who-will-pay-the-school-fees-if-you-pass-away.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/who-will-pay-the-school-fees-if-you-pass-away.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<p><span>No one knows the value more than us South Africans, of ensuring that our kids have a good education. It\u2019s the foundation for their future. It\u2019s the best chance they have of success in a world that is economically tough and uncertain. We tell ourselves that if they at least get a solid education, a well-rounded schooling experience, and some decent tertiary education, then we\u2019ve done our best as parents to prepare them to face the world.<\/span><\/p>\n<p><span>It\u2019s a 12-year journey through school and another 3 or 4 years after that through varsity. But because we love our kids, we make sacrifices so that they have the best opportunities in life. But what if something unexpected happens to you? What if you were to become physically impaired, severely ill, or pass away? Who will keep paying the school and other fees for your kids?<\/span><\/p>\n<p><span>Many people answer this question by saying \u201cThat\u2019s why I have life cover.\u201d The reality is that South Africans on the whole are grossly under-insured and life cover gets quickly swallowed up by debts and escalating living expenses. Expensive school fees, school clothes, and sports costs get pushed down the priority list when you now need to budget for food and rent.<\/span><\/p>\n<p><span>\u201cAll too often, with the estates that we administer, we see insufficient funding to maintain the children\u2019s status quo for schooling and extracurricular activities. It\u2019s heartbreaking to see kids having to deal with the loss of a parent and then be told they have to leave their circle of friends at school because there are no funds available for this,\u201d says Alex Simeonides, CEO and co-founder of Capital Legacy, South Africa\u2019s leading provider of <\/span><a href=\"https:\/\/www.capitallegacy.co.za\/your-will\"><span>Wills<\/span><\/a><span> and Estates.<\/span><\/p>\n<p><span>There are some education protection products on the market, but according to Alex Simeonides, CEO and co-founder of Capital Legacy, these have always been positioned as luxury or tag-on products. \u201cAs far as we\u2019re concerned, securing your kids\u2019 educational future is not a luxury but a necessity. We\u2019ve seen too many cases first-hand where kids\u2019 lives are negatively impacted because of a lack of funds for their educational costs.\u201d<\/span><\/p>\n<p><span>To combat this problem, Capital Legacy has just launched a unique solution called EduCare<\/span><span>TM<\/span><span>. It\u2019s basically ring-fenced cover that, should anything happen to you, pays into a trust for your kids with the sole purpose of covering their continued education, sporting, and general care needs. The <\/span><a href=\"https:\/\/www.capitallegacy.co.za\/your-will\"><span>trust will<\/span><\/a><span> be set up and administered at no cost by Capital Legacy\u2019s trustees for the life of your kid, covering pretty much all their education and care costs all the way to the end of varsity, plus sporting needs, plus life starter cash to help your kid get going in life, and if all of this isn\u2019t enough, a global education benefit.<\/span><\/p>\n<p><span>\u201cWe\u2019re so excited about this product,\u201d says Alex, \u201cWe are all parents ourselves and we know how important this is for South Africans. We have deliberated on the best and most cost-effective way to solve this problem \u2013 EduCare<\/span><span>TM&nbsp;<\/span><span>is the answer and is the culmination of many years of learning and planning.\u201d<\/span><\/p>\n<p><b>EduCare<\/b><b>TM<\/b><b>&nbsp;in summary:<\/b><\/p>\n<ol>\n<li><span>Covers school fees, school clothes, stationary, food, sports kit, sports equipment, sports tours, school excursions, and tertiary education<\/span><\/li>\n<li><span>All Trust and Trustee fees are covered<\/span><\/li>\n<li><span>Has a single premium with no need to specify each Child\u2019s details<\/span><\/li>\n<li><span>Covers any beneficiary of the trust, including grandchildren and even unborn children<\/span><\/li>\n<li><span>Avoids the \u201cUse it or lose it\u201d clause seen in many similar plans and pays a Cashback if there is no claim<\/span><\/li>\n<li><span>Has a continuation option that can convert the benefit to life cover after your child leaves university<\/span><\/li>\n<\/ol>\n<p><span>Even more benefits:<\/span><\/p>\n<ol>\n<li><span>An Optional&nbsp;<\/span><b>LifeStarter<\/b><b>TM<\/b><b>&nbsp;Benefit<\/b><span>&nbsp;that pays out a cash lump sum directly to your child at the age of 18 \u2013 perhaps for the purchase of their first car or to travel on a gap year?<\/span><\/li>\n<li><span>The&nbsp;<\/span><b>Medical Studies Benefit<\/b><span>&nbsp;covers up to R100,000 annually for the additional 3 years it takes students to study to become a medical doctor over a normal degree<\/span><\/li>\n<li><span>The&nbsp;<\/span><b>Achiever Benefit<\/b><b>TM<\/b><span>&nbsp;&nbsp;<\/span><span>of R150 000 if your child achieves national colors&nbsp;<\/span><\/li>\n<li><span>The&nbsp;<\/span><b>Estate Duty Benefit<\/b><span>&nbsp;kicks in if any Estate Duty fees are incurred up to R500,000.<\/span><\/li>\n<li><span>The&nbsp;<\/span><b>Global Bursary Benefit<\/b><b>TM<\/b><span>&nbsp;of up to R5 million in university fees if your child gets accepted into one of the top 50 global universities.<\/span><\/li>\n<\/ol>\n<p><span>This post was first published at https:\/\/www.capitallegacy.co.za\/article\/56\/who-will-pay-the-school-fees-if-you-pass-away<\/span><\/p>\n<p><span>This article was first published at https:\/\/topclickblogs.co.za\/who-will-pay-the-school-fees-if-you-pass-away\/<\/span><\/p>\n<p><a href=\"https:\/\/mypr.co.za\/?attachment_id=124495\"><img loading=\"lazy\" decoding=\"async\" alt width=\"800\" height=\"600\" class=\"aligncenter wp-image-124495 size-featured lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/who-will-pay-the-school-fees-if-you-pass-away.jpg\"><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-124495 size-featured\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/who-will-pay-the-school-fees-if-you-pass-away.jpg\" alt width=\"800\" height=\"600\"><br \/><strong>Video:<\/strong> Who Will Pay The School Fees If You Pass Away<\/p>\n<p><strong>More Info on Who Will Pay The School Fees If You Pass Away here:<\/strong> <a href=\"https:\/\/topclickblogs.co.za\/who-will-pay-the-school-fees-if-you-pass-away\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/topclickblogs.co.za\/who-will-pay-the-school-fees-if-you-pass-away\/<\/a><br \/><strong>Twitter<\/strong>: <a href=\"https:\/\/twitter.com\/topclickmediasa\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/twitter.com\/topclickmediasa<\/a><br \/><strong>Facebook<\/strong>: <a href=\"https:\/\/www.facebook.com\/topclickmediaSA\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.facebook.com\/topclickmediaSA\/<\/a><\/p>\n<p><a href=\"http:\/\/mypr.co.za\/save-with-myprs-monthly-flat-fee\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">82<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/who-will-pay-the-school-fees-if-you-pass-away\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. No one knows the value more than us South Africans, of ensuring that our kids have a good education. It\u2019s the foundation for their future. It\u2019s the best chance they have of success in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":242753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-242752","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/who-will-pay-the-school-fees-if-you-pass-away.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=242752"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/242753"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=242752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=242752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=242752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}