Personal Finance Questions and Answers for Young Professionals » Insurance http://moneyanswertree.com investing, money, credit card debt, 401k, roth ira, credit cards, make money, personal finance, savings, retirement planning, free money, roth ira contribution, financial advice, free financial advice, online financial advice, savings account, money market, roth ira rules Thu, 20 Jan 2011 14:34:26 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Why is life insurance important? http://moneyanswertree.com/archives/398/why-is-life-insurance-important/ http://moneyanswertree.com/archives/398/why-is-life-insurance-important/#comments Thu, 09 Apr 2009 00:58:40 +0000 pbucelwicz http://moneyanswertree.com/?p=398 I’ve been hearing a lot about this as an additional investment vehicle. It sounds like it is relatively cheep to take out a large policy while you are still young. I feel like this investment is good to sell for the insurance company because its probably the longest holding period possible. Because you collect when you die. Maybe thats why financial advisors are pushing life insurance so hard on everyone lately. I’ve also heard from one of my friends who is a financial advisor, that life insurance will soon be required. Now is that different than the life insurance provided by your company, or would you need a privately funded one?

If you put into life insurance now, can you take out the money at any time?

As a young professional, should I be looking into this?

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