Quote:
Originally Posted by Dmpsix
Hey thanks for the advice everyone!
@Pyroguy
No, nothing in particular to be honest. I guess I was just kind of curious since I honestly thought to myself one day... well... I wonder if it would be wise to have life insurance locked in at a low monthly rate instead of having it done at an older age and get screwed.
But that makes perfect sense though, I found some info after some research and everything you said makes perfect sense.
I have no one depending on me, I don't come from any 1%'er kind of family or anything but even though I know they could cover funeral costs, I wouldn't want them footing the bill for me.
But... you make perfect sense though and I appreciate all the insight, I'm in no rush and I'll just wait things out for now!
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Hey, I'm happy to offer advice. At 24 you have many years left before your rates will see any kind of significant jump. If you have health issues that might make you uninsurable, or a family history of health issues that could make you uninsurable that could transfer to you (i.e. cancer, diabetes, etc.) then insurance now isn't too bad of a decision. That would be the other stipulation that I would say go for it now. When you get married make sure you and your wife get life insurance and don't forget that if/when she becomes a stay at home mom or if you do the staying at home, that there is value in a stay at home parent. They will still need life insurance because it takes money to hire Mary Poppins if something would happen to that parent.