SHOP PRODUCTS
Houzz Logo Print
barbcollins_gw

Life Insurance for 23 yr old male?

barbcollins
11 years ago

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?

Comments (23)

Sponsored
MAC Design + Build
Average rating: 4.3 out of 5 stars18 Reviews
Loudon County Full-Service Design/Build Firm & Kitchen Remodeler