Quote:
Originally Posted by genchan
I got a call at work yesterday from a guy trying to sell me life insurance. He kept telling me what a great investment it was. Is life insurance a good investment for someone who is single?
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1. Life insurance IS NOT an investment. Not for a single person. Not for a married person. Keep your insurance and your investments seperate.
2. If there is nobody dependent on you for their support, what exactly would you be insuring? If you want to pick up a term policy for 10K to cover funeral expenses, I wouldn't argue with that. That would probably cost you a few dollars per month. Other than that, no, you don't need insurance.