re: Anyone want to inform me about life insurance?

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Why does someone need life insurance who doesnt have a family? Who is that money for??

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To bury themselves, final expenses, without being in imposition on family.

But mainly you are buying it as a hedge against the future - that you will be uninsureable in the future. Like any hedge, it costs a bit of money and it might be a waste. The cost is generally not a lot, though.

Before we had kids, wife and I each had 500K of life insurance. Our policies stipulated that if either of us died, the other got the money. If both of us died, 100K for each of us went to a charity, and the 400K for each of us was split among our individual nieces and nephews to be used for their college education.