No. You would be better off getting term life insurance from a reputable company. Globe normally sells children's life insurance and whole life insurance type products. No life insurance is a good investment. Life insurance is not supposed to be an investment. Get term life insurance to insure your life (you can get a large amount of coverage for a very small premium because you are only paying for life insurance not a savings or investment plan), then get mutual funds or a plan made for investing only as an investment.
by Ruth P - 6 hours ago
Insurance is NOT an investment, it's insurance. Do not mix the two. Globe sells insurance to parents, on a child in case that child dies. Insurance should be based whomever is bringing home the bacon. In other words, why purchase a policy on a child who makes no money? If he passes away, sure it's a tragedy, but no income is lost. Very few children will die prematurely, so Globe walks away with a bundle.
by Mr. Prefect - 6 hours ago
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