Is purchasing a $300,000 life insurance policy as a single 53-year-old with no children a good decision?

Is purchasing a $300,000 life insurance policy as a single 53-year-old with no children a good decision?

Personal Finance, Insurance, Life Insurance
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March 2018

I suppose the question to ask is why would you be purchasing this insurance?  If for an investment likely not a good move.  Quite frankly I can't see a reason to purchse.  The question I always ask before recommending any insurance is always what are you insuring for?  Also is there an insurance need or want to begin with?  I'm guessing no is the answer in this case.  That said there are some circumstances you may answer yet.  Like if you wanted to leave insurance to a family member upon your death or a charity.  In these cases my opinion would likely change.  But remember the real question to ask yourself is do you want or need life insurance.  If the answer is a simple no I think you can clearly take it from there!

March 2018
March 2018
March 2018
March 2018