Quote:
Originally Posted by Dentoman
If you have no dependents and no debt .... no need.
I carry life insurance in amounts to cover the needs of my family at the current time. As those needs lessen, so will the amount of coverage I carry. One day, I will carry none except some permanent coverage to cover the taxes on my estate when I die.
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This, no sense in getting life insurance until you need it. Ie, if you have a mortgage and dependants. Or if you have a wife and kids and want to make sure that they are taken care of in case of an accident. Typical employee life insurance is 1 years salary. That may or may not be enough for your needs.
Bottom line is I would not worry about it at the moment.