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CASE 6-A: ALISTAIR - INSURANCE REPLACEMENT Alistair is 35 years old, married, with 1 kid and wants to buy life insurance for his family. He is considering whether to buy term insurance or permanent insurance. He does not make a lot of money and he is a conservative investor. Alistair bought a house last year for $ 750,000 and he has a mortgage with RBC for $ 500,000. The bank convinced him to purchase creditor insurance and he feels good about that decision. He also wants to setup an RESP account for his boy to take advantage of the government grant of 20 \"/0 or $ 500 for a contribution of $ 2,500. Most of his net income goes to day to day expanses for his family there is nothing left for additional expanses. He likes a whole permanent policy because he heard it generates a cash value. Alistair came you for advice. What do you tell him ? Please discuss