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Global Scholarship Plans Advantage
During the Deposit Period you as the subscriber of a Global IESP have the flexibility of these options:
- Children of any age may participate in the IESP
- You may choose a payment period of up to 21 years
- You may substitute the student during the life of the Plan
- You have the option to pay the plan more quickly than the length of time originally
agreed on
- You may change the deposit method
- You may purchase optional deposit completion coverage that will continue to make payments in the event of your death or disability
During the Payout Period the Global Plan offers the following flexibility:
- Education funds are available for use at any recognized college or university worldwide
- Substitute another student of any age for the Plan during the payout period
- You may choose the individual timing of payout for the student's education
- You may choose the amount of earnings paid for a student's education
- You may keep the Plan open for up to 25 years
- A designated student may change education programs of study without penalty
- A student may repeat a course year without penalty
- A student may choose the type of education and the program duration, whether 1 or 2 years, or longer and still have complete use of funds
- Choose from three different deposit methods; monthly, annually, and lump sum deposits
Please click here to download the Plan Description. (pdf format - 76 kb)
You must have Acrobat Reader to view document. Click here to download the reader.
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