Educative IRA (CAAE)
Savings for your child or family members education.
Product summary
Individual
It is a savings account or annuity that contributes as an exclusive educational benefit for your children or relative under the third grade of blood relationship or second by kinship. This has a minimum initial deposit of $300.00.
The purpose of the Annual Contract of Educational Contribution (CAAE) is to stimulate people to save for their children's or relatives' education. The CAAE aims to help pay the total or part of the cost of the post-secondary studies of the beneficiaries.
Benefits
- Interest and any shares that are deferred until the funds are retired.
- The principal is assured and is not affected by market fluctuations.
- $0 charge for the opening and maintenance of the annuity.
Contract dispositions
- An initial deposit of $300.00.
- A deduction is permitted by a contribution that will not exceed $500 for a beneficiary. The contributions to this account may be done by yearly contributions before that child or relative reaches the age of 26 years old.
- Only the parent or child custodian may open the account or annuity of the minor.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
How can I establish an automated pay on my account?
To set up an automatic payment, you should complete a card bank form, which should be accompanied by a voided check or proof from a financial institution.
The cancer policy only covers the deductible of the medical plan or the total of expenses incurred?
No, the reimbursement will be processed in line with the benefit reclaimed and the limits of the coverage.
What should I do to add a beneficiary to my COSVI policy?
To designate a beneficiary, all you have to do is fill out the Request to Add Beneficiaries document and send it in original format by regular mail to: Cooperativa de Seguros de Vida de Puerto Rico, COSVI Attention Issuance Department PO Box 363428 San Juan, P.R. 00936-3428 You can also bring it to any of our offices or send it by email to serviciosalcliente.documentos@cosvi.com.
What alternatives exist to protect me in case of a hospitalization?
Yes, we have alternatives for accident and health insurance in case of hospitalization.
Is it necessary to pre-certificate the services under School and Special Accidents Policy?
No, is a policy of reimbursement, why which no services are pre-certified.
Where can I settle the claim as a member of the Cooperative that acquire an insurance?
You should settle your claim at the Cooperative of Saving and Credit, where you obtain your policy.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
I was treated very kindly and promptly.
Very well located and a wide variety of insurance products.
Good service, I won't let them.
Tremendous company. It is by appointment, at the moment, they are very helpful and fast, you do not waste time. Make an appointment by phone and that's it!!! Good service.
Excellent customer service.
Other products available
Choose the policy that works best for you.
