AsRias
The Prufirstgift plan you mentioned, if it's like a investment link plan that only provides death benefit and some non guaranteed sum, then i will never take such a plan for kids.. for myself yes, as in i rather use that 100 to top up my own investment linked plan..
the reason is simple..
1. if anything happens to me, say touch wood lah at least i get a death benefit that my kids can take from the insurance company, which will help them no matter they are at what age.
2. if i use this 100 to get the same plan for baby, honestly speaking they have no earning power till maybe 18 years later, really anything happens to them, all i get is just a sum of death benefit, which wont help that much anyway since i can still work and support myself..
so i rather put that 100 to better use, than lock it into such a plan for kids, ex: hospitalization plan, yearly i am paying about 280+ each for myself, hubby and #1 on hospitalization, can stay in private hospital lor if anything happens, no need to worry much about the bill, but if nothing happens, which is good lah, that $$ is gone then, can't get back in any case...
guess my insurance agent is really good, he managed to convenience me to get more protection for myself first before thinking about kids.. haha