Reply to Ok not to have life insurance?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Life insurance is recommended if you have dependents.  I think most people let it go when the kids are no longer dependents.[/quote]

Recommended by life insurance companies and their sales force.[/quote]

You do you, but we have life insurance so our family / friends don't have to do a go fund me.[/quote]

Life insurance is needed until kids are out of college or at a minimum out of HS and their college funds FULLY funded.   Or until you have enough NW for your spouse and kids to continue the same lifestyle without any changes to them (Ie if the spouse is SAH or Part Time working, they can remain at home/PT for 2-3 years to help the kids adjust to loosing a parent).  Life insurance is a cheap way to ensure if the worst happens, your family is provided for and they don't have to change much...cannot imagine why anyone would not want that.  Get the a 20 year term policy when you are 25-30 and it won't cost that much.   
However, once your NW is sufficiently high enough you can drop it if you desire, but for us we kept it until kids are in college (worth over $10M), and will now drop it once the youngest graduates college[/quote]

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