I believe Manulife still offers educational insurance, pero ang nirecommend ng agent namin is to get a variable insurance din dahil what you get is cash, hindi sya restricted na gamitin lang for education purposes lang, and you have the freedom on how to allocate it, and you still get the benefit of insurance coverage.
Hubby and I both have coverage na, and next year we plan to get a variable one for our daughter. Medyo mabigat pa kasi sa gastusan this year.
I think the trick to buying education plans or any type of insurance, is to really study how the scheme would work. If the company promises something that seems 'too good to be true', medyo ilag ka konti. Kasi baka hindi ma-sustain in the long run eh.
Like CAP's educational plan (which my parents got me, and nagamit ko naman for my college education, pero sa kapatid ko pumalya na). Yung sa CAP kasi noon, their traditional plan kasi you only pay a certain amount, say 50,000, depending on the plan or 'school group' that you choose. NECU A noon ang pinakamahal, for schools like La Salle Ateneo ganyan. Ours was NECU C. Tapos ang mangyayari, no matter how much you paid lang, CAP will shoulder the entire tuition fee, kahit ang mangyari eh maglagpas lagpasan na dun sa binayaran mong amount before. Unfortunately for CAP, hindi nagwork-out yung mga investments nila, tapos ang laki na ng naging increase sa tuition fees kaya nahirapan sila sa pay-out.