Child investment Insurance?

Question

Hi,
I'd like to know which is the best west way to invest future ie education , Marriage and others benefits maximum fifty thousand to one lack for 2 girls age 11years and boy 9 years

Answer 1

Best Answer - Chosen by Asker

Sorry that you got all bad answers so far. Never answer any solitications posted here. It is against the rules.

Life insurance is NOT an investment.

You need to invest in an educational IRA or something similar. This is the wrong category. You need to repost under investments.

Source(s):

Not an investment advisor.

Asker's Rating:

Asker's Comment:

Nice i'll repost it

Answer 2

i agree with Car253.
plz note the following.
1. insurance and investment should never be mixed.
2. never to invest in ULIPs as they go against the point 1
3. never to invest in child insurnace policy as insurnce should be taken against a bread winner in the family. if the bread winner dies than it will be major loss to the family.
my advice will be to go to a good investment advisor and get details on equity and MF products. buy a term policy against you. and put some good amount away every month for your child education, your child marriage, your other child education and your other child marriage and lastly your retirement.

Source(s):

my love for personal finance.