What Do College Students Need To Know About Life Insurance? 
Great that you are asking this question now and not 40 years from now . The cost of life insurance will never be less than it is when you are young and healthy . Life insurance can accumulate value during your entire lifetime and become a stash of cash for you to draw against in emergencies , or when you want to buy a house or retire , if you buy cash value life insurance , usually called Permanent Life Insurance . I personally recommend EIUL , which stands for Equity Indexed Universal Life , because it accumulates value , usually the largest amount of value , will not lost value with the market , but will gain value with the market . You can borrow against it and keep the money tax free , although that will reduce the death benefit if not repaid . It is like a bank account that can make sooooo much more gain than your bank or cd . It is a great way to get an instant legacy , since if you deposit a hundred now , you can have 1/2 million in death benefits , versus putting a hundred in the bank and having an estate there of only a hundred . What a great way to go ! GARY LANE , garylane@cox.net 