Life Insurance Is So Expensive!

@stephcjh (38473)
United States
February 28, 2021 6:15pm CST
My husband and I have life insurance but it is so expensive for the amount of coverage you get. The older you get, the more it costs also if you wait too long to buy it. Gotta have it though to cover final expenses.
5 people like this
5 responses
@porwest (112812)
• United States
3 Mar 21
Just save your money and invest wisely and earn all you can through life and life insurance becomes unnecessary.
1 person likes this
@stephcjh (38473)
• United States
3 Mar 21
I do not have much knowledge when ti comes to investing. I do know about a 401K though.
1 person likes this
@stephcjh (38473)
• United States
4 Mar 21
@porwest It doesn't boggle my mind. I have money on my mind every single day. I do not have money to invest and take a risk on losing nor do I have extra to invest anyway outside of the 401K. If I had money to play around with, then sure I may invest some of it. Those who have money wouldn't understand.
1 person likes this
@porwest (112812)
• United States
4 Mar 21
@stephcjh People learn so many things but never bother to learn about money. It boggles my mind.
@youfiq (2564)
• United States
3 Mar 21
at my place the cost of insurance is also getting more expensive, the price can choke my wallet. I hope the government can handle this soon. it is very unfortunate that the cost of insurance is so expensive it will be burdensome for the little people. With the high cost of insurance becoming increasingly ineffective to reach all levels of society, it seems that people are becoming increasingly indifferent to themselves
@stephcjh (38473)
• United States
3 Mar 21
Yeah. We can't count on our government to do anything these days.
@May2k8 (19788)
• Indonesia
1 Mar 21
Yes, indeed, insurance can only be taken at maturity and I only have long-term investments.
@sunrisefan (28524)
• Philippines
4 Mar 21
Life insurance is good when you have children dependent on you but when they're grown up you won't need it anymore. Actually, your life insurance is for those who depend on you. Perhaps health insurance would be of better use for you when the children are grown up and have their own families. I would not mention beyond health insurance as it may sound morbid.
@sophie09 (34230)
• Indonesia
1 Mar 21
i understand that, that is live