Financial start-up help for studies, housing and work
The training periods of their own young talent have been significantly extended in the past. After graduating from high school, it is rarely directly involved in vocational training. A voluntary social year, travel abroad and internships should first expand their own horizons in order to gain a clear view of their professional career. Often this finding follows on from a degree in order to obtain the necessary qualifications and experience.

This career must be financed. According to official figures, study studies devoured (incl. Fees, residential and living costs etc.) over six semesters with a bachelor's degree of more than 50,000 euros. Part-time jobs help, but cost valuable time, which often extends the study period. BaFöG also supports, but not everyone is entitled to and must be repaid in part later.

Financing training in time
The clever alternative to supporting young talent is a training insurance. With small contributions, parents or grandparents can start making freedoms in their education early on. You save in an insurance contract that pays a fixed amount at the end of the term (mostly to the end of the age or start of training). Depending on the flexibility of the product, a one-time total can also be arranged for a monthly payment, which then finances their livelihood.

In case of emergency, the insurer pays the contributions
Parents or grandparents usually take on the contributions to support the young talent when starting your career. If the child dies, another person can be benefited. If the contributor dies before the end of the contract, the insurer takes over the contributions so that the training of the child remains secured.

Facts about training insurance

• does not need to be repaid (unlike BaFöG)

• Income opportunities for students without BaFöG claim

• not earmarked (sum can be used freely, e.g. first own apartment)

• Death lapse protection integrable

• flexible option of one-time or monthly payout