Fri, 19 Oct 2012, 11:31am PDT
my parents took out a term life policy on me shortly after I went of to college... don't know how long of a term it was, but the loans that they cosigned on are long since paid off.
It's tough to think about, but you always need to do what you can to cover your bases. As Monty Python said... nobody expects the Spanish inquisition!
Sat, 20 Oct 2012, 5:09am PDT
my parents took out a term life policy on me shortly after I went of to college
Everyone is an individual, and every individual's paths are individual. But so many people follow a path that includes a car expense, a partner, a childcare bill (or a single-income parenting responsibility), a need for educational expense for new dependents. Some of these paths may even include debt.
The time to get the term life policy is when we're healthy teenagers or young adults, when the premium will be cheap. Because of the typical arc of the typical life of the typical young person, that's when the insurance is most needed.
Call me stupid for not "thinking of it myself". Yes I am stupid. Every once in a while I read something on a blog that I am glad I learned. Thank you for sharing.