Quote:
|
Originally Posted by poundwise
I must say, all things considered, I would not recommend life insurance to someone single, healthy, and in their 20s.
|
I know EVERYONE says that BUT......I also know that a friend of mine who is healthy as a horse, but unfortunately, as BIG as a horse, was turned down for a life insurance policy. My brother, who is a business owner, and his partners all got 2M life insurance policies (the business would be the bene) and he was upset at the premium he was quoted due to his high triglycerides. 7k/yr while the female partner came in at 3k/yr.
He was also upset since he let another life ins policy lapse and the thought of replacing it now would mean that he'd have to cough up more in the way of premiums.
My point is this: get the policy while you ARE young AND healthy. Sometimes the "smart thing to do" can actually cost you more in the end.