Definitely if you have children and a wife who will need it if you die. Dave Ramsey says everything except a basic term life policy So don't let a salesman sell you anything except a basic term policy.

It depends if you have people that are counting on you staying alive and if you died, you'd want them taken care of.

One of the most selfless expenses there is.

Yes, if you have a mortgage and a family that will be left behind. Do you want them to worry about paying for the house? It can also help pay for a child’s funeral if one passes early. That insurance is very cheap.

Factor in current inflation and see if you're buying the equivalent of a candy bar in the dem future.

Insurance companies take in more in premiums than they pay out in benefits, so on average, not worth it. However it can nevertheless be useful in certain circumstances. I'd recommend it (and disability insurance for the same reasons) if:

• People are financially dependent on your wages
• You love them enough to not want them to resort to gofundme to pay off the mortgage
• They aren't just going to become e-beggars anyway so they can blow the insurance payout on drugs instead of on their house, and
• Your death is unlikely to be at the hands of your beneficiaries (even if they know about your policy)

Just stay the hell away from the children's policies offered by companies like Gerber. Those are complete ripoffs, which is why they're often marketed as "grandchildren policies" to the elderly who might not have noticed how much childhood mortality has dropped since their little brother died of polio in 1940.

With any insurance, you're betting you'll be on the shit end of the stick, and the insurance company is betting you'll be fine. Since they set the rates in their favor, I say no.

A properly-structured, dividend-paying whole life insurance policy from a mutual life insurance company is more than worth it, not just for the death benefit which is guaranteed to be paid, regardless of how long you live, so long as you don't let the policy lapse, but also for the living benefits -- the ability to take policy loans at any time at a contractually guaranteed interest rate, guaranteed minimum cash value growth that only grows faster and faster over time, and additional non-guaranteed but highly-anticipated annual dividends that can be used to purchase more death benefit each year which will compound your cash value growth and lead to exponential growth over time.

Term life insurance is only worth it if it's convertible to whole life and it's long-dated (i.e., 20 or 30 years rather than something shorter). That way, you can convert it into more whole life without having to go through medical underwriting.

Look into the Infinite Banking Concept if you want to know how to build and deploy capital in the most efficient way possible. It talks about using whole life insurance this way in depth.

Anything else -- universal, variable, equitable, indexed universal, etc. -- is hot garbage and you should stay away from it, even if the agent is pressuring you to buy it and selling you a fantasy of high returns (which they have literally never paid).

Go to Dave Ramsey's site and listen closely to what he has to say about it. That is a very good way of approaching it. The thing is though you need to get yourself to a point where you don't need life insurance if you follow his advice. Multimillionaires don't buy life insurance. At least they don't need to and it doesn't make sense for them to. Whatever Kind of life insurance you go with just make sure you read and understand the whole policy! Kikes and lawyers who write the policies love to add little stink bombs to policies. They won't pay if this happens or they won't pay if that happens. The people that sell insurance will not tell you these things either unless you specifically ask. So your best bet is to make sure you read and understand the whole thing!