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Carlos Said:

27, single, no kids, great health, should i get term life insurance?

We Answered:

Yes, but get life insurance long enough where you have no more debts, no one dependent on your income, and have time to save for retirement.

Base on situation, I recommend getting a 30 year term insurance that is guarantee renewable and is convertible into another term insurance. You don't want whole life insurance at any point in your life because that is expensive and a waste of money.

You can learn more about whole life insurance here: http://finance1o1.blogspot.com/2008/08/w…

While you have term insurance, you should consider investing your money in a Roth IRA. While the market is doing poorly now, it is the best time to invest since the price per shares are very low. That means you can own more shares for your money. While you can't predict how the market will perform in the future, history has shown that the market has always rebound. The best way to offset your volatility to market fluctuations is by investing using Dollar Cost Averaging http://finance1o1.blogspot.com/2007/03/i…