Keep education aliveSecuring a better future for children.

What is Educate-A-Child?

Educate-A-Child is an easy and affordable education cover solution that can be offered as part of an Old Mutual Group Life Assurance scheme or as a standalone benefit. It pays out a lump sum on the death of the person who's insured.
What’s in it for you?
  • You can offer your employees security that no matter what happens to them their children can continue with school.
  • Your employees and their beneficiaries get the support they need
  • Offer can be extended to all your staff - even those without children
  • You're partnered with Old Mutual - a company with a solid reputation for providing excellent benefits
  • Quick and easy claims processes
Man standing in an empty buildingKey product offering

Educate-a-child is an affordable, flexible investment option for employees who want to ensure their children's future is secure.

Flexible payment
  • A Trust - set up to pay for the education of a named child or children. These can be the employee’s dependent children, grandchildren, or any other children they wish to support.
  • An Educational Developmental Trust – approved by Old Mutual as a legitimate initiative that pays for the education of underprivileged children.

You can choose:

Man fixing a bicycle wheelAffordable
  • A fixed benefit (multiple of salary) for all participating employees.
  • A flexible benefit (between 0.5 and 2 x annual salary) that each employee can adjust (up to a maximum of 2 x Annual Salary) at defined life events.
  • This flexibility allows employers and employees to tailor their benefits to suit their needs and budgets.

There are two benefit structure options:

Ladies sharing a jokeUnrestricted
  • It’s a cash lump sum benefit, so it can be used for various education costs
  • Traditional education cover is indemnity based, so it is very restrictive in terms of what it will pay for. With Educate-A-Child, the benefit is paid as a lump sum
  • Funds can be used to fund a wide variety of education-related costs from tuition and books to accommodation and transport.
UnrestrictedEducation for all
  • Most education cover schemes don’t allow for people who don’t have kids or whose children are going to low- or no-fee schools. Employees can nominate their grandchildren or even children of other parents as beneficiaries
  • Employees can donate their benefit to an organisation that sponsors education for disadvantaged children
  • Employees can have the funds paid into their deceased estate to go to their other beneficiaries.
Education for allWANT TO KNOW MORE?

Find out all you need to know about Educate-a-child nowWant to find out more about Educate-A-Child?

Want to know more about Educate-A-Child? We've got the answer right here!

    Speak to your scheme intermediary, an Old Mutual Corporate Consultant or send us an email and we'll assist you right away.

    Through the Trust structure, beneficiaries and guardians who receive payments also have the option to access extensive support, help and guidance, including regular informative roadshows by the Trustees and various consultants as well as face-to-face assistance with all aspects of the beneficiaries’ education plans.

    The money can be used to pay towards a wide variety of education-related costs, including (but not limited to):

    • Schooling or tertiary learning tuition costs (including non-traditional educational institutes like music or art academies)
    • Residence or accommodation expenses (including non-university residences)
    • Books and learning materials
    • Non-typical education costs like transport to a learning institution
    • Costs of international education in a foreign country; and more