F (25) I have a $15 term and a $150 lifetime. Making a total monthly payment of $165 and feeling duped
Not in a high tax bracket, no debt, no mortgage, no estate, and a salary that is essentially middle class
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It’s a fraud, whole life insurance. If you can, get away from it. If your spouse or children depend on your income, it’s a smart idea to obtain term life insurance. You do not require it if you are single and do not have children.
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If you want to have heirs or dependents in the future, it is a fantastic idea to start investing in term life insurance early. When you are 25, the premium you will be offered is incredibly low in comparison to when you are 35.
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