Life insurance is always more expensive tomorrow than it is today! You can buy your newborn an awesome policy that will change their financial stars forever for less than maxing out their RESP costs.
There is no physical; applying is easy, and it is a GREAT way to divert grandparents’ spending (instead of new toys, clothes or candy at every visit).
Whole life insurance (the expensive kind) is tough to justify as an adult. As a kid, it’s a no-brainer.
ᴍᴜᴛᴜᴀʟ ꜰᴜɴᴅꜱ, ᴇxᴇᴍᴘᴛ ᴍᴀʀᴋᴇᴛ ᴘʀᴏᴅᴜᴄᴛꜱ ᴀɴᴅ/ᴏʀ ᴇxᴄʜᴀɴɢᴇ ᴛʀᴀᴅᴇᴅ ꜰᴜɴᴅꜱ ᴀʀᴇ ᴏꜰꜰᴇʀᴇᴅ ᴛʜʀᴏᴜɢʜ ɪɴᴠᴇꜱᴛɪᴀ ꜰɪɴᴀɴᴄɪᴀʟ ꜱᴇʀᴠɪᴄᴇꜱ ɪɴᴄ.