Its because funerals are expensive and your next of kin will have two options without it.
Find a way to finance 5 figures for your funeral, or tell the coroner to throw you in a ditch.
Get a small plan for yourself for 20K or so and give your next of kin peace of mind if your breaks tragically give out one late night.
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How about you just have a properly funded emergency fund and that can be used for your funeral. So you don’t need to be ripped off by small face value life insurance policies.
Im donating my body to science, med stdents get to learn something and its free.
off the top of my head…
1. at 30 you should have enough built up to cover expenses like that. being single you can literally dump everything you own.
2. life insurance is to cover lost wages and other expenses for your dependents. like if your spouse has to suddenly pay for more childcare.
3. I have never had a job in my entire life that didn’t have at least a basic life insurance plan built into the benefits.
Meh. It won’t be my problem.
its stupid. if you dont die by a certain time you forfeit the money you have built up
its betting against your own death. just put it in a savings account, at least then you have some at the end