5 groups that really need life insurance

Most people don't think about buying life insurance until they've got a child on the way. But parents aren't the only ones who should consider it.

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VIDEO ON MSN MONEY

5Comments
May 14, 2013 10:34PM
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If life insurance is such a good deal then how insurance companies stay in business?
May 15, 2013 9:38AM
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In other words, everyone except politicians need life insurance?  They have their hand in the public funds already.  Most insurance is a scam.  Insurance companies do not get skyscrapers by paying claims.  They get those by taking in premiums.  I want to start an inshawance compney.  The premium will only be 10 smollians a mont an it'll pay 5000 doolers fer anyone who kicks out on February 31. No quesions ashed.  Yo don't get no policy till yo done paid premiums fer 600 monts.  Policy determines benerfitz. Is MSN money getting a cut? Watch out fer de liddle print.
May 14, 2013 11:58PM
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Such a great deal that insurance company investment portfolios are gargantuan accumulations of wealth. And thousands of jobs are created administrating this goliath. (Sort of like government).

 

Not such a great deal that a cable channel can go 24/7 with shows of people offing people for a check.

 

I've never been completely comfortable with the idea I have to be dead for someone to profit. 

May 18, 2013 2:47PM
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OK. These 5 groups could possibly use life insurance. But why only cite the marginal cases?

The typical profile of a term life insurance owner is someone who is a family breadwinner and has minimal savings (yes, this could include grandparents in the role of parents).  

Term Life Insurance is about covering specific needs that will disappear with time, such as:
- Income replacement
- Financial security for dependents
- Mortgage protection
- College funding
- Final/burial expenses

If you have a primary need for life insurance - or you are in one of the article's 5 groups - and you aren't insured, look into getting insured, now. Rates are at an all time low, but predicted to go up soon.

To get the best price, use the <a href="http://www.qualitytermlife.com">online life insurance quote engine</a> at QualityTermLife for comparing rates from dozens of top companies. 
May 14, 2013 11:16PM
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Cant get it even burial insurance I cant get
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