Life insurance is appropriate when others depend on your income. When my wife and I had kids, we insured our lives to help cover the financial transition that would occur when going from a two earner household to a single earner household. Before we had kids, we didn't bother. We weren't under-water in home mortgage and each were perfectly able to support ourselves.
25 years later, kids were gone, debt was still manageable and we were each perfectly capable of supporting ourselves so we dropped our life insurance.
25 years later, kids were gone, debt was still manageable and we were each perfectly capable of supporting ourselves so we dropped our life insurance.
Statistics: Posted by WeakOldGuy — Sun Apr 07, 2024 11:53 pm — Replies 3 — Views 206