I don’t think I need life insurance. I’m young and healthy; the odds are against me dying before my kids are adults. Isn’t buying life insurance just throwing away money I could invest some other way? If I don’t die, then all that money is gone.

You always want to pack your parachute before you jump out of the plane since you can’t do it later! But one thing you may not know: it’s possible to purchase life insurance and get all your money back later when your family no longer needs that kind of protection.

Life insurance is a great place to put your ‘safe’ money, earning around 5% interest (compared to .5% at a bank). Not only that, there are no taxes on the growth of that investment.