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Do you pay for life insurance?

yep, i have a large policy through work, in the off chance that i die for some reason my parents will be well taken care of, my cost is about $10 a month
 
Originally posted by: Nocturnal
Originally posted by: kalster
wat do u mean neccesary?
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Like is it the norm? Does everyone usually get life insurance/policy?
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It depends on need.

If you have someone who will need to be compensated in case of your death, such as family or employer, then yes.

It can also be used as an accumulation tool, but in these days of poor interest rates, it's not the hottest idea.

I sell the stuff for a living, and for younger folk I generally recommend taking care of health insurance first, then disability, then investments, and if they are starting a family, THEN I have them look into it.
 
Yes it really depends on what your needs are.

I currently don't pay for life insurance because I don't have any dependents who would need it in case I pass away. I'm still living at home. No wife. No Kids. Cars paid for. Life is GOOD. =)
 
I get $65K of it free and then I add an optional $100K for me $38K for the wife and $13K for each kid for an addtional $20 a month through a program offered at work.

 
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