Before I started stalking all these fabulous personal finance bloggers and reading up on articles, I thought only old rich folks get life insurance. Or if you want to kill your spouse to get the money like the movie “Double Jeopardy”.
But now that I see everyone talking about the importance of having a life insurance and the affordability of it at a young age, I felt eager to buy one right away. Then I started thinking if I really have to? I mean, life insurance is something you “should” have for security for your loved ones, but what about those of us who have a lot of debt and trying to get rid of that debt first?
I’m not asking for what I “should” do, but I want to ask if you do have one. Especially those of you who are struggling to lower your debt and pay for school or what have you. I’m just curious to see if I’m the only one who doesn’t have one yet.
I’m not trying to base my decision on how many people have life insurance versus how many people don’t. I’m just curious since there are many posts describing what life insurance is and why it’s good to have, but even in detailed spending status updates, I rarely see life insurance expenses showing up.
If you have life insurance, what type of life insurance do you have?
If you don’t have life insurance, when are you planning to get one or are you ever?