When Is Term Life Insurance A Good Investment? 
Term life insurance can not be called an investment because it does not return profit by way of interest , income or appreciation in value . But when is it a good idea to spend your hard earned money on term life insurance ? That answer is , when you have a temporary need and want some relatively low priced life insurance to cover it . Some examples are : You want your 3 year old child to be able to graduate from college if something happened to you . Getting 20 year Term would do the trick . You want enough money to pay off your mortgage so that your spouse would not have to rely on your second income to make the house payment . 30 year Term life insurance , in that situation , could save your family untold heartache and lots of expense at a tragic time . In these situations , Term Life insurance could be considered a wise expenditure . 