Quote:
Originally Posted by redguard57
If a single person has a niece or nephew they care about... maybe the life insurance could be for them.
|
Yes, and when I had employer provided/paid for life insurance before I had my own child, I did say that I wanted it to go to my nieces. But I certainly didn't pay premiums for that coverage just so my nieces could have a windfall if I died when they were not dependent on my income.
Once I had a child of my own, I of course increased my life insurance to cover his living expenses for the time period that he would be supported by me.