Why would you need life insurance if you do not have any responsabilities?
It's paying for nothing.
If I die, money gets to other people and they have nothing to pay but the funeral fees, which is 10k tops. They also get goods such as cars, tv, etc. No need for life insurance under 25 unless you have a house, kids, debts.
You're just putting money into a hole...
hi.. fair comments.. and I can actually agree with you partially...
you are correct... that if you were to die today... no one is "dependant" on you example: kids...etc... thus the narrow mindedness of most people our age..
someone our age who decides to think outside the box and get a good life inusarance now, is number 1. going to pay a lower premium then someone older 2. guarantees they will have coverage when those other "events" come... and 3. can grow potentially some BIG cash values in the plan, which can later be accessed..!!!
just because you "think" your saving money by not taking a plan now (your narrow mindedness) , In fact can lead you to have to spend even more later if something happens to your health or even worse.. become
UNinsurable.. beleive me.. ive see it happen.. even in our age group.
Im 29.. I fall in the category you mentioned..no kids, not married etc. etc. I do have a mortgage so that warrants some coverage.. but beleive me.. ive made provisions as early as 18 years old with my Life Insurance planning.. and it will pay off in the long run..
do you think I, my many clients and many members here on Montrealracing be doing this if it was not a
WISE thing to do..? well yess they are cause it is a wise thing to do..
but hey.. not everyone understands what financial planning means... it means planning ahead.. before you really "need" things.. Im here to offer good, important advice.. but if you think you know better.. do what you want lol.. but you'll see.. once you mature a little, you'll see there is more to financial planning then you think.. theres more to life then thinking the money saved by not having a life insurance can go towards your car...lol
so if you are really stuborn about the life insurance.. you should check out the thread on Critical illness insurance.. this plan pays out when you are alive if your get cancer, or have a stroke etc.. and the likelyhood you get one of those is more probably then dying young...