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re: 60% of American adults don't have enough in savings to cover a $1,000 emergency

Posted on 5/9/19 at 6:09 pm to
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18928 posts
Posted on 5/9/19 at 6:09 pm to
quote:

35% say they can't afford a life insurance policy,


Help me out here. Why would a young person with no assets need a life insurance policy?

I remember when, fresh out of college and working my arse off, my college roommate tried to sell me a life insurance policy at my kitchen table. I looked around my shitty rental house and said “why the frick would I buy that?”
Posted by lsunurse
Member since Dec 2005
129044 posts
Posted on 5/9/19 at 8:02 pm to
quote:

Help me out here. Why would a young person with no assets need a life insurance policy?



Young adults suddenly die. You would want at least enough of a policy to cover burial expenses.


Unless you just assume you would leave that bill for your parents to pay.
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