Life Insurance

[OulOat]

I'm wondering if I should buy life insurance from my company. I'm 21 and don't have any health problems, so I'm not expecting to die anytime soon. What are your views on life insurance?

One thing my dad told me was that you must pay this for the rest of your life or you lose your coverage. Any truth to that? Also, I was wondering if they can drop you at any time?

 

[DaWhim]

whole life or term life?

 

[Yossarian]

if you aren't married I wouldn't bother.

 

[ElFenix]

Originally posted by: DaWhim
whole life or term life?

yeah really. whole is (essentially) a savings account, term is like car insurance

 

[masterxfob]

i don't think it costs that much to just burn my body and throw the ashes in the ocean.

 

You'll be dead, what do you care?

 

[DannyBoy]

Originally posted by: Yossarian
if you aren't married I wouldn't bother.

i agree

 

[masterxfob]

i'm not maried, so that'll probably change when i do 😛

 

[chowderhead]

if you aren't married and have no responsibilities to take care i.e. children then IMO take that money and invest it in something else i.e. roth ira. IMO, life insurance is insurance for people who depend on your income to support them. No dependents, spouse = no need for life insurance.

 

[Pepsi90919]

IT'S NOT YAY OR NAY

 

[Nikamichi]

Originally posted by: Pepsi90919
IT'S NOT YAY OR NAY

Yay or Hay?

 

[Yossarian]

yeigh or neigh?

 

[OulOat]

Damn, this online enrollment thing sucks, can't find out any details about it. dunno if it's Life or Term.

 

[amol]

just be cautious when your SO raises the policy coverage 😉

 

[Baked]

Originally posted by: SampSon
You'll be dead, what do you care?

Have family much?