Invest Towards Your Goals
Helping you secure a bright future for your child
The FBN Education Endowment Plan, administered by First Asset Management, First Trustees, and First Insurance, is a goal-based investment management solution that assists parents/guardians in saving for their children’s education while also ensuring the continuity of their education through extra advantages such as insurance and trust.
Plan Objective: Saving for education
Investment Horizon: Five years
Minimum Holding Period: 6 Months
Risk Profile: Low to Medium
Investment instruments: Fixed income instruments (Money Market and Bonds)
Base Currency: Naira
- Financial security for your beneficiaries’ education plans.
- Education-focused investment that is disciplined.
- Investors have a variety of contribution alternatives to guarantee that financing children’s education is simple.
- Assurance that your children’s educational requirements are being met and safeguarded.
- The Plan is designed in such a way that the assets are not subject to estate tax or probate.
- The plan holder can determine how any residual funds after all beneficiaries’ schooling is completed are spent.
- In the event of the investor’s death, the portfolio value plus the sum promised will be used to fund their beneficiaries’ education through a trust.
- Investors can pick from a variety of options to help them with their financial planning, up to a maximum sum insured of 18,000,000.00 per investor.
- At inception, investors will sign a simple, bespoke account opening document that includes a Trust Deed and the Insurance terms.
- Investors must stay in the plan for at least 6 months (making all agreed-upon payments) to be eligible for the sum insured in the event of a risk.
- Investors can make contributions on a monthly, quarterly, bi-annual, or yearly basis.
- To encourage disciplined investment, investors must forfeit 40% of accrued earnings if they withdraw from the plan early.
Contribution Options
Option A
Option B
Option C
Option D
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