Life insurance for dummies question
January 6, 2013 8:56 AM Subscribe
Mid thirties married male with no kids yet. Thinking about life insurance in case I do something stupid and die. Am I better off getting a term life insurance policy, a lifetime policy, or should I just take $100 a month and invest it on my own and use that for my wife if I suddenly kick the bucket?
posted by wile e to Work & Money (10 answers total) 9 users marked this as a favorite
Don't smoke, I drink socially and I am relatively fit. No signs are pointing to an early death at the moment, but I want to make sure my wife and future kids are cared for in case of stupidity.
Perhaps I should do a low sum 10yr term in case I suddenly go, at the same time building up a side fund as mentioned above ($100/month)?