Should I get live insurance?

Question

I am a low income, earning $1,200. net a month, single women/mom in her early 50's. I have no savings but have a 401 K with the teachers retirement. Should I invest in getting life insurance when I have so little left over after my bills are paid?

Answer 1

yea..u need it.

Answer 2

whoa -- hate to be this way but you are a teacher and asking about live insurance -- surly you jest and mean life insurance == that said -- no -- all you need is enongh money set aside to bury you!!!

Answer 3

do you have folks financially dependent on you?  You should have enough to pay for a basic funeral and cover any dependents long enough for them to be able to take care of themselves.

Answer 4

Life insurance is to protect those who depend on you financially.  If no one does, you may not need it.