ACME GROUP Child Future Plan is a blend of investment and insurance that typically helps in your child’s future financial planning.
Professional at ACME GROUP introduces multiple strategies to secure your child’s future which also involves investing in high-yielding schemes as well as the opportunity to save money for a secure future.
Protect your child’s future with ACME child future plan.
What is Child Plan?
A child plan is a comprehensive insurance and investment strategy crafted to safeguard your child’s future while also providing for significant life events like higher education and marriage. This dual-purpose approach acts as a safety net, ensuring financial stability for your child even in the event of your untimely demise. Moreover, it steadily builds a corpus over time, empowering you to fund key milestones in your child’s life. Thus, the optimal child plan serves as a beacon of security and prosperity, nurturing your child’s journey to success.
Planning for Child's Future
Setting money down for a child’s future is one of the most valuable presents a parent or grandparent can provide. Introducing the child to the benefits of cautious savings and disciplined investment, whether through money given to them at Christmas and birthdays or earned through after-school and casual jobs, can be critical at that early period in their life.
When a tiny initial investment is joined with frequent incremental donations, the incredible power of “compounding interest” can be used to increase over time, giving a considerable asset and long-term advantage for the child’s future. By properly arranging this savings plan, you can retain ownership and control of the investments until you are ready to transfer the asset into the child’s name in the most tax-effective manner. This also allows you to access the money before the child reaches the age of 18 if it is needed for expenses such as school tuition, sports equipment, or other necessities.
Savings Accounts, Term Deposits, Direct Shares, and Managed Investment Funds are examples of savings vehicles that can be employed. Which of these investment vehicles is best for you will be determined by several factors, including your risk tolerance, investment period, investment purpose, and financial status. While investing in a Savings Account or Term Deposit may provide you with a capital guarantee (if you invest in one of the Deposit Taking Institutions authorized by the Australian Government), investing in Direct Shares and a Managed Investment Fund may also provide you with capital growth over time.