TheAnswer wrote:zbear wrote:starlight1968sg wrote:When do we stop paying the premiums for the whole life insurance plan?
There are different types of life insurance plans. You need to review your current policies with your insurance agent.
Some insurance plans - you pay for life but the premium is very low. Some - you pay abt 10-20 years but premium is high, also need to depend on which age that you bought.
Entrance age is crucial to the amount you are paying....
Yes, we bought whole life policy for the boys, we will pay up till x years, then the boys should take over paying the premium once they start work.
What other policies should parents get for the children?