If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
If there is anyone dependent on your income - parents, children, relatives - you need life insurance.
Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy.
I want to be clear here: It does not matter what you say in your will or trust; the beneficiary document attached to your IRA accounts and your life insurance policy overrides what you say elsewhere. If you want to change the beneficiary, you must change the beneficiary document.
In the summer of 1954, after several years in Austin, Minnesota, our family moved across the state to the small, rural town of Worthington, where my dad became regional manager for a life insurance company. To me, at age 7, Worthington seemed a perfectly splendid spot on the earth.
My wife bought an extra life insurance policy on me.
Narrator: Life insurance pays off triple if you die on a business trip.
Narrator: Life insurance pays off triple if you die on a business trip.
Barton Keyes: Well, I get darn sick of tryin' to pick up after a gang of fast-talking salesmen dumb enough to sell life insurance to a guy who sleeps in the same bed with four rattlesnakes.
