I’m 23 years old & was wondering if applying for term life insurance would be for me?

Question by hollaitsmarc: I’m 23 years old & was wondering if applying for term life insurance would be for me?
What are the benefits of term life insurance? I recently got a job & they offer various insurance options.

Best answer:

Answer by StephenWeinstein
Life insurance through work usually provides no benefits unless you are still working there when you die, which is rare, because any illness that kills a 23-year-old is usually bad enough that you have to stop working before you die.

Large amounts of life insurance are needed if (1) you are married or have children, and (2) your spouse or children depend on money from you for their financial well-being. If your spouse is financially independent, or you are unmarried and childless, then you certainly do not need more than $ 10,000 of life insurance (for funeral, burial, etc., expenses), and may not need any.

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Tags: Life, Term Life Insurance, Years