2006-12-27 12:02:40 · 7 answers · asked by Chris 1 in Business & Finance ➔ Insurance
If you expect to never have dependents -- then, no. There are better places to park your money.
If you do expect to have dependents someday -- then yes. The younger you start, the lower the premium payments will be.
2006-12-27 12:13:30 · answer #1 · answered by Jay 6 · 0⤊ 0⤋
You should purchase a small policy in order to pay your debts and to have your burial expenses paid for.
If you're really looking ahead, however; you would take advantage of the opportunity to buy whole life while you are young. It's expensive later, AND when you buy insurance when you're healthy, your premiums are less, AND you protect your future insurability. It would be a shame to, say...get cancer, get in remission, marry, have a kid and a wife or husband and say..."Oops. Guess I need some life insurance." At that point, you're uninsurable.
2006-12-28 10:59:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You might need long term catastrophic health insurance though. There is one thing to be disabled and another to be unable to do anything. Even a couple of months down time can destroy your life if you aren't well off and living paycheck to paycheck.
2006-12-27 12:15:28 · answer #3 · answered by gregory_dittman 7 · 0⤊ 0⤋
Unless you are rolling in readily available money, absolutely. Life insurance will cover your funeral expenses and paying outstanding debt .
2006-12-27 12:14:04 · answer #4 · answered by dmndlil527 3 · 1⤊ 0⤋
yes im the same way and i have life insurance
2006-12-29 08:36:49 · answer #5 · answered by debbigeri 3 · 0⤊ 0⤋
Nope.
2006-12-28 02:16:44 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋
Yes if nothing else than to bury yourself.
2006-12-27 12:10:47 · answer #7 · answered by ML 5 · 1⤊ 0⤋