Re: How Much Life Insurance Do You Have?
This is a good topic.
I believe everyone should have life insurance. Even if you're single and have no other dependants.
At the very least, funeral costs are very expense nowadays, and someone is going to have to foot the bill. Do you want your spouse or parents to have to be stuck with that bill? I don't.
But it doesn't have to be a big one, and it doesn't have to cost a lot.
I have just enough to cover the basic expenses and a little bit more in case of an untimely death, just to make sure no one has to pay for my passing.
I also have some more coverage in case of accidents and so forth.
Finally, I compare each individual coverage to its monthly cost, to make sure that I keep the premiums as low as possible.
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