UWI Cave Hill Genealogist lauds Barbados firm in creating Cost Sharing initiative for Tertiary Education

The Guardian Group/Guardian Life of the Caribbean Limited just launched a new life insurance product that is created to revolutionise the entire concept of educational planning.

Professor Pedro Welch from the University of the West Indies, Cave Hill Campus explains how cost sharing for tuition is the way forward... earing in mind tertiary education in 2014 is not how it became in 1966 after Barbados' Independence...

Professor Pedro Welch from the University of the West Indies, Cave Hill Campus explains how cost sharing for tuition is the way forward… Bearing in mind how tertiary education in 2014 is not now what it became in 1966, after Barbados’ Independence…

The Student Opportunity Saver (SOS) plan will serve as an investment instrument to assist persons in achieving future educational goals and better prepare them on the benefits of sound financial and educational planning.

Since the Freundel Stuart regime’s radical change in making tertiary education in Barbados have a direct cost, it creates a greater need for parents to undertake early financial planning not only for their children’s educational advancement but also their own. The Student Opportunity Saver is the solution to this new reality. This product supports educational planning with the security of a sound investment for realizing future goals.

The event, held at the former Sherbourne Centre on Two Mile Hill, featured an address from Professor Pedro Welch from the University of the West Indies, Cave Hill Campus.

The event, held at the former Sherbourne Centre on Two Mile Hill, featured an address from Professor Pedro Welch from the University of the West Indies, Cave Hill Campus.

The popular UWI lecturer (who appeared on US television channel NBC) told participants that Education is not just a matter of dollars and cents, where tuition is strictly an assessment of “the bottom line.”

The Guardian team went all out in sharing this funding innovation and the packed room learned of its benefits and its significance from Dr Welch’s detailed and well structured speech;-

Regardless if it is you or your children deciding to have a degree, The Student Opportunity Saver provides maximum flexibility. All Barbadians through this plan now have the advantage of longer term planning which allows them to secure a solid financial base for their children’s educational needs. What is unique about the product is that it also provides for persons seeking higher level academic and vocational education to return to school and upgrade their skill-set.

* The plan can be started from as early as birth, to age 60 * It provides automatic cover for Accidental Death of $5000 * The plan allows for  unscheduled deposits in addition to regular premium payments * It provides a steady stream of regular payments to the insured after the first 5 years to fund an educational programme * It features an “Inflation Protector” – which allows you to keep pace with the cost of living

* The plan can be started from as early as birth, to age 60
* It provides automatic cover for Accidental Death of $5,000
* The plan allows for unscheduled deposits in addition to regular premium payments
* It provides a steady stream of regular payments to the insured after the first 5 years to fund an educational programme
* It features an “Inflation Protector” – which allows you to keep pace with the cost of living

The Student Opportunity Saver also facilitates the economic development of Barbados. It is an ideal savings plan for creating start-up capital for new business ventures. Even after being certified, entrepreneurs can continue to invest towards medium to long-term goals.

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