Hi all,
I am thinking to buy a life insurance for my daughter but not sure if this is a good one.
It is a 20-payment terms and about $500 per year. The protection is $50,000 for my daughter if anything happen to her and all the money will be guarantee after 20payments plus whatever interest. When the insurance mature I can transfer that to my daughter's name and she can withdraw it base on her quota.
As the sales rep said, the RESP is not enough and that will be good if we want to save spare money to our children.
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