life insurance

Indonesia
April 9, 2007 11:57pm CST
do you think that we need to have a life insurance while we are still young? im still 22, and my friend has a life insurance, according to me it's no need to have life insurance, what is your opinion? and why should we have while we are still young, is it just wasting money?because my earning is only ±$200/months
1 response
@rsilva708 (172)
• United States
14 Apr 07
I got life insurance before I turned 16. The younger you are when you get it, the cheaper it is most of the time. I want my loved ones to have something after I'm gone so I have it. With my policies, they gain cash value and interest on them, so it is like an investment making money. If I needed extra money, I can always go in and get the cash value of the policy, so it's nice to know it's there. http://rtsweb.homeip.net Robert
• Indonesia
14 Apr 07
but dont you think you are so young to have it? is it useless? i know it is cheaper but you should pay it until you when? also have you calculated it if the money become smaller? i mean when you are 16 just say that you pay 1$, it will be different 1$ if you are paid the next 10 years, the money value become decrease isnt it?