Sentences with phrase «majority of life insurance providers»
The majority of life insurance providers offer life insurance policies with terms of 10, 20 or 30 years.
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Let me educate you: RESP's in Canada include 60 + providers, most of which are banks and financial institutions (life insurance & investment companies) the majority of which will invest your savings into mutual funds — there are no guarantees with these, your principal could be lost and your grant too & if your child doesn't pursue post-secondary education, you would have to pay the government grant back out of your own pocket — also the fees associated with these are called MER's (management expense ratios) which compund over time and will usually eat up as much as 1/3 of your investment.
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The majority of providers of life insurance will only allow people who are a maximum of 55 years old to purchase a 25 - year term policy, so they would be no more than 80 when it expires.