As a licensed life insurance agent I greatly understand the need to be insured. As well as the importance of getting coverage early in life.
I originally got life insurance at the age of 24. And not knowing the true benefit of having at that age, I surrendered my policy to receive a payout. But I wish I did not, at that time most companies were offering 4% guaranteed interest. And I am not the one to use life insurance as an investment, but it is good to know if one falls on hard times they have a safety net that can possibly keep them afloat.
I originally got life insurance at the age of 24. And not knowing the true benefit of having at that age, I surrendered my policy to receive a payout. But I wish I did not, at that time most companies were offering 4% guaranteed interest. And I am not the one to use life insurance as an investment, but it is good to know if one falls on hard times they have a safety net that can possibly keep them afloat.