INSURANCE: Checkout the Best Type Of Life Insurance For You

****Single with No Dependents***

If no one depends on you financially, you usually don't need

life insurance. Your untimely death will certainly affect a lot of

people, but it won't put them in a financial bind in most

cases. If your parents aren't well-off, however, you might

consider purchasing a small, inexpensive policy that would

cover your funeral and burial costs .

***Just Got Married***

Getting married in and of itself doesn't mean you need to

purchase life insurance. However, events associated with

getting married, like buying a house and having children, do

mean that you'll probably need it soon. Since life insurance

gets more expensive as you get older, and since a decline in

health could make your policy more expensive or make you

uninsurable, you might want to go ahead and get life

insurance when you get married if you're young and healthy.

***Just Bought a House***

If you've just bought a house, among the flood of junk mail

you'll receive will be solicitations for mortgage protection

insurance, also called mortgage life insurance . These come in

the form of official-looking notices instructing, not asking, you

to complete and return a short document requesting personal

information such as the borrower and co-borrower 's date of

birth, sex, tobacco use, occupation, phone numbers, age and

weight. Filling out this form does not usually mean that you're

purchasing an insurance policy; it just sets you up to receive

sales phone calls to further discuss mortgage protection

insurance and perhaps other financial products.