Hello,
I currently have a 10 pay life insurance. My mom set me up this 5 years ago. i pay 67CAD/month. it beeen more than 5 years so i spent like 4.4k cad so far and ive been reading a lot on reddit and a lot of ppl say you dont need a life insurance and its better to get term life. Policy give me 100k if i die before 10 years and 200k if i finish with the 10 years payment.
But i called my insurance company (london life) and they said i will only get 467$? cash out if i surrender my insurance.
Should i just complete the 5 years left (around 3.6k) or gave up on it but loose like 4k$ i wasted on this insurance..
And my mom really want me too keep this and even offer to pay for it..
But i dont want her to pay for this and waste her money.. i feel like i dont need this. im only 20 years old,bno kids and in university,
Help plz ty
Submitted December 07, 2017 at 09:42AM by DuckSwift http://ift.tt/2ADqQG0
