Life Insurance for 23 yr old male?
Our son went directly into the Marines after graduation from HS. He eased out last summer.
He is now a correction officer in training under the county sheriffs dept. He has a small life insurance policy through work based on his annual income. He is making $38-50K year.
He received a letter from the VA today about the VGLI enrollment period ending in October. He can obtain a policy for $400K which would cost him $365/year. A $10K policy is $9/yaar, and there many other price points in between those.
Obviously I don't think he needs this much life insurance, and I question whether he needs more at all. But, I also realize he would not be able to find life insurance at these prices on his own later. You never know... he could be married with children in 4 or 5 years, and then wish he had it.
If you were in his shoes, would get it or forget it?