advertisement
Loading

Workout Finder







Ask Men's Health
   

Q:
I'm young and single. Do I really need life insurance?

advertisement
No. Unless you're providing financial assistance to a family member - an old parent or a dependent sibling - don't waste your dough. "Most single people don't need life insurance because no one is relying on their income," says attorney and financial advisor Gary Schatsky, president of Objectiveadvice.com. Instead, make sure you have long-term disability insurance. This coverage will safeguard you if an injury or chronic illness prevents you from working. The odds of that happening are surprisingly high - A 20-year-old worker has a three in 10 chance of becoming disabled before reaching retirement age. Schatsky recommends contacting a financial advisor to discuss which coverage would be best for you.

 



READER COMMENTS
(Comments may take up to 15minutes to appear)

No comment has been posted yet!

Leave a Comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
8 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
advertisement
RELATED CONTENT
MH Woman: Marie Purvis
Don’t be fooled by her looks: Marie Purvis, Nike Training Club ambassador and elite personal trainer, has a penchant for making her male clients flee from her in terror.
Belly-off! Club: From Fatso To Ironman
Inspired by a parathlete, senior maketing executive Ang Hsien Ming lost 20kg and now competes in half-Ironman races.
Best Foot Forward
Don’t let your feet give up on you. Help them beat these four common ailments with these top tips.


Copyright © 2013 SPH Magazines Pte Ltd. Co. Regn. No. 196900476M. All rights reserved.
About Us | Career | Privacy Statement | Conditions of Access | SPH Magazines Network | Advertise with Men's Health