Please explain in detail with regards to the interest rate and payout sum on why this policy is not worth buying

An insurance company is offering a new product in the market. This policy is intended to be bought by a parent for their child at birth. The purchaser shall make five annual payments, starting with $1,000 on the child's first birthday and increasing $200 in subsequent years. No further payments are required. When the child reaches the age of 60, he or she will receive $100,000. The annual interest rate is 5%. (d) Judge whether this policy is worth buying. (12 marks)