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College/Child Savings Plan


As a parent, you want to give your child the best start to adult life. A solid second and third-level education may lead your child on to great accomplishments in later life - but it can be expensive. Starting to plan early for your children's education is really helpful because it spreads the cost over a longer period. Plus, you can choose savings options that may bring higher growth potential. Our Child Savings Plus Plan is specially designed to allow you to start shaping a future for your kids.

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What is Child's Savings Plus?


Child's Savings Plus is a regular premium, unit-linked savings plan. It allows you to invest in a range of investment funds at the start of the policy. The policy may be assigned to your child at any time, who will then be entitled to its benefits.

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Who's it for?


  • Parents who wish to save for their children's education.
  • Relatives or god-parents who would like to put aside money for a child's future.
  • Those happy to save for a period of 5 years or more.

Main features of this plan:


  • Peace of mind - that your child will have the opportunity to learn and study in the future.
  • Smart savings - this plan makes full use of annual gift tax exemption limits.
  • Flexibility - you can vary your payments whenever you like.

How does it work?


Starting a Child's Savings Plus plan is very simple. You can choose which Zurich Life Funds to invest in at the outset. We can help with that. You'll need to decide how much you wish to put aside each month - it can be as little as €75. We can help you figure out how much you might need to save, depending on how long you plan to save. Then you can assign the policy to your child to maximize gift tax savings.

Funds: the basics


If you're new to investing, funds can be a daunting topic. To help you make the best choices for your money, we've put together a handy guide which explains:

  • What funds are.
  • How funds work.
  • How to get started.

Choosing your investment funds


What to invest your money in is a big decision .There are a large range of investment options and funds to choose from, and are here to help you understand what your choices are and how they work.

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How you feel about investment risk and reward


Your aim should be that over the long-term any investment you make will go up in value. But of course the value could also go down and you may have to accept some level of risk when you make an investment. To invest in the right funds, you should first decide how much risk you are comfortable with.

Risk: what type of investor are you


Before investing, you should decide:

  • What you want to achieve with your investment.
  • What levels of investment risk you're comfortable with.
  • How long you're happy to invest your money for.

We have many different types of funds you can invest in, and so deciding what you want to achieve with your investment is important because it will help you make decisions about where to put your money.

Understanding your risk/reward profile


If you're not sure what sort of investor you are, our handy risk profiler tool can help you understand more about investment risk and what levels of risk you feel comfortable with. Based on your answers it will also suggest some funds that are suited to you.

Our risk profile categories


Once you've answered the questions, you'll be categorised into one of seven risk profiles. You'll then be able to choose investments that match your risk profile, with the help of a financial broker or advisor.

  1. Very low risk' investors: unwilling to accept any significant risks, accepting the prospect of low returns to achieve this.
  2. Low risk' investors: likely to accept limited risks and want to try to avoid large fluctuations in the investment value, accepting the prospect of more modest returns to achieve this.
  3. Low to medium risk' investors: likely to accept some risk in return for the potential of higher investment gains over the long-term. Try to avoid large fluctuations in the investment value, but accept there will be some fluctuation, particularly over the short-term. Medium risk and reward investors
  4. Medium risk' investors: likely to accept significant risk in return for the potential of good investment gains over the long-term. Accept significant fluctuations in the investment value, particularly over the short-term, but want to limit the amount of money held in more risky investments.
  5. Medium to high risk' investor: likely to understand that the investment can go down and up sharply with the potential for greater returns over the long-term.
  6. High risk' investor: likely to aim for high possible returns and accept higher levels of risk, recognising that the investment value may fluctuate very sharply, particularly over the short-term
  7. Very high risk' investor: likely to aim for the highest possible returns and accept the highest levels of risk, recognising that the investment value may fluctuate very widely, particularly over the short-term.

Risk and reward


There are many different funds to choose from, depending on the level of risk you're willing to take. Before investing, you should decide:

  • What you want to achieve with your investment.
  • What levels of investment risk you're comfortable with.
  • How long you're happy to invest your money for.
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Type of Cover: help

Joint Life insurance policies cover two people; however benefits will only be paid on first death.

Dual Life insurance policies cover two people independently on one policy and benefits will be paid on the death of both lives insured.

Accelerated Specified Illness Cover means that any pay out on Specified Illness cover will reduce the Life Cover amount.

Standalone Specified Illness Cover means that any pay out on Specified Illness cover will not affect the Life Cover amount.