Comments on: Term Life Insurance Can be a Life Saver

By: Tina

Tina — Mon, 04 Feb 2008 03:53:29 +0000

If you can afford it, I believe even single people need life insurance. Your friends and family still have to worry about the cost of burial and taking care of settling your financial affairs. But, with the economy, it would definitely be one of the last expenses on my list.

By: Art Dinkin

Art Dinkin — Sat, 02 Feb 2008 05:04:09 +0000

For most people term is the way to go for the majority of their needs. I call them the IF I die needs. You know, if I die before the mortgage is paid, while the kids are in school, before I retire, etc. But other needs are WHEN needs. Those are anything that can complete the sentence WHEN I die I want _____ to happen.

For the WHEN needs I am not a fan of whole life. But there other kinds of life insurance available besides term and whole life. Frankly, I own a LOT of term insurance and a little Universal Life with a no lapse guarantee. The UL acts as a term insurance for the rest of my life since it probably will not have much (if any) cash value.

By: kitty

kitty — Sat, 02 Feb 2008 02:43:44 +0000

I am single so there is no need for me to have life insurance.

In terms of whole life insurance – I know that Suze Orman is totally against those. You may agree or disagree with her, but the basic idea – that if you buy a term life insurance and invest the difference in premiums between the term life insurance and whole life insurance, you’ll come out ahead. Something those who consider buying whole life insurance should probably investigate.

By: Katie B.

Katie B. — Fri, 01 Feb 2008 18:48:43 +0000

We have term life through AAA. I rate shopped and was pleased with their rates, combined with their security rating.

It definitely gives me some peace of mind. Next on the list- get some disability coverage.