Darrius will be turning 3 soon and we have yet to get him any insurance policy yet as we are not sure which type we should get for him. My uncle has proposed a few types of insurance quotes which are suitable for Darrius but PiggyBeng still can’t decide which is the best as his current company does provide coverage for the entire family.
I know we have to decide early as the quotes will change with age… the older you are the higher the premium. I was thinking of getting him an endowment policy but my uncle was telling me an education fund will be more suitable but the premium is pretty high as he explained that the cost of education will fluctuate over time.
Anyway, will have to think over it carefully before we decide since the economy is not so rosy now so we have to be really careful on what we spend on.