22 yr old Need Life Insurance?

I'm 22 years old, I just purchased life insurance. I pay like $200 each month, and $65 of it goes to the life insurance and the rest to my cash value account. My coverage amount is 250K and increasing. I was pondering what everyone thinks about life insurance? Is it a good thing to have? Is it a good insurance or not?
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I think you got ripped off.

Do the math. At 22, you can buy a term life insurance policy for that amount, for 20 years, at around $150 A YEAR. If you invest the rest, using this calculator: http://www.msfinancialsavvy.com/calculators/monthly_deposit_savings_calculator.php You'd have $184,000 at 42, that you could do whatever you want with. If you kept it up another 20 years, it would be almost $2.2 MILLION.

Obviously, at 42, you wouldn't NEED more insurance, because your BANK ACCOUNT would cover it.

Why does a 22 year old NEED life insurance? If you're not married and don't have kids, chances are YOU DONT NEED THIS. If you DO need this, you can find a better rate.
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Here two articles concerning the insurance. The insurance should be part of no matter whom plane financier if they have any person of dependants who would miss your monthly income if you must pass far prématurément.

Juste thus you know, your $65 goes at the cost of insurance. The company employs this to pay the limit annually rewnewable. Every year because you age, more your premium will go to COI and less will go to the saving. A certain point more, usually twenty years in bottom of the road, COI will cost than the two hundred males. By the signature for the insurance, you allow the company to enter at this point and to employ your saving to start to pay what is premium on the left. Will not have a few years like this and you any insurance, unless you propose an enormous amount of money each mois.

Pendant several years initially, you cash do not have any money value which it goes like fees to the company and the agent like commission. When it gains, it 1-4%- only receiving still because of the fees and the commissions. You can take a loan out of but refund it behind with the interest 6-8%. You must project to take it outside that they can make you waiting up to 6 months to receive it. Your recipients will receive the capital assured OR the money value cash. You could pay more in the premiums thus they receive all the deux.

Je recommends only the limit for my customers. I help them to go up a plan which will enable them to save the money in the investment funds mutualists. Before they are withdrawn, they will be policy-holders of individual and we can strike them to swallow just with a policy of burial. It is very that they need at this time. The provisional insurance EAST you it need it only until you are individual then ensured the need for him drops. The insurance and the saving are two different things but both are necessary in a financial scheme, right step jointly in a program.