Don't believe in insurance? There are countless types of policies. Perhaps you mean full term. As a person who has had to accumulate my own wealth, and who wanted my family to be able to survive until my kids were adults, I opted for a term policy. As I grow older and my investments grow and I save more and put more into retirement, I need less and less "death benefit" from the Term Life Insurance.

When your kids are fully raised, you should have been saving all along, but many do not. If you aren't disciplined enough to save money, then I'm not sure what to tell you.

Term life is intended to provide a death benefit to your loved ones. It is not an investment vehicle. SOME insurance policies are "okay" when it comes to investments if you are really risk adverse. Buying land is a nice investment, but you 1) have to have the money with which to buy it in the first place and 2) have to live long enough for it to appreciate. If you sink money into land when your kid is born and die 3 years later, they get the land plus whatever it has increased. If they sell it, that's likely not a lot to live on. In that same 3 years, it would cost you probably $30-$75 (depending on health and age) to have half a million in term life. If you croke off when your kid is three, they get half a million. No land maybe, but you would have to buy a HELL of a lot of land up front when they were born to compete with the price/profit ratio.

I agree, full life isn't really a great investment, especially if you are young. But Term life covers the gaps while you live below your means and invest (land is a good choice). <img src="/images/graemlins/smile.gif" alt="" />