LogFAQs > #954569574

Considering that you're single with no dependents, there was no reason to have life insurance in the first place. That's really for people with a spouse/dependents. But if you're getting it for free through your current job, there's no reason not to take it.

ParanoidObsessive posted...

That's pretty much any ongoing service.

I remember having to take like 10 minutes to cancel NetZero when I used it years ago, because they keep trying to talk you into not leaving.

Alternatively you can just stop paying it and they cancel you very quickly.

SunWuKung420 posted...

You should have kept it, especially if it was only $20 a month.

For what possible reason?

SunWuKung420 posted...

That work policy won't continue after you stop working there. Do you plan on working there until death?

Pretty sure you can parlay that into a normal plan or just take a normal plan afterward but, again, he has no spouse or dependents so he doesn't exactly need life insurance.

Riptor posted...

That's what I was thinking also. Depending on how old you are, whenever you stop working at that job, the next time you try to get your own insurance it may cost more than the $1k or so you may have spent keeping the original coverage active. It sounds like you already considered that though.

He's still young enough that life insurance will be cheap afterward and, again, he doesn't exactly need it. More importantly, he's unlikely to be paying $1k/month for life insurance since that's pretty high for even a yearly rate for somebody his age and in good health. What he was paying may actually be high for his group, since the average for people older than him is only $26/month.

https://www.nerdwallet.com/article/insurance/average-life-insurance-rates

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