Hey guys,
I've been thinking about getting life insurance even though I don't have any real commitments financially and I don't have a family to take care of. I've been thinking about it for 5+ years now but I have never pulled the trigger on it. I'm 34 with a low end job/little to no benefits and I don't see myself going many places in terms of employment so this will be self funded.
Basically, if I get T-bones tomorrow, there will be nothing to show for my life. I feel like I should leave at least something to my sister to help her out. She can pay off her house, student loans, help a pet shelter, retire early, really anything. I just looked at State Farm and I can get a million bucks for 10/20/30 years at $470/$630/$1130 respectively. I can't afford the 30 year rate but a million dollar pay off for 630 dollars a year seems like a no brainer. Hell, that'll run until I'm 54 which is a long time. I don't expect to die but you never know. Crazy stuff happens all the time.
Any thoughts?
Thanks
I've been thinking about getting life insurance even though I don't have any real commitments financially and I don't have a family to take care of. I've been thinking about it for 5+ years now but I have never pulled the trigger on it. I'm 34 with a low end job/little to no benefits and I don't see myself going many places in terms of employment so this will be self funded.
Basically, if I get T-bones tomorrow, there will be nothing to show for my life. I feel like I should leave at least something to my sister to help her out. She can pay off her house, student loans, help a pet shelter, retire early, really anything. I just looked at State Farm and I can get a million bucks for 10/20/30 years at $470/$630/$1130 respectively. I can't afford the 30 year rate but a million dollar pay off for 630 dollars a year seems like a no brainer. Hell, that'll run until I'm 54 which is a long time. I don't expect to die but you never know. Crazy stuff happens all the time.
Any thoughts?
Thanks