tag:blogger.com,1999:blog-1907231003206534428.post2155402584094325020..comments2009-09-06T22:40:20.097+08:00Kayhttp://www.blogger.com/profile/10880809899222016666noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1907231003206534428.post-30116460785032343522009-09-06T22:40:20.097+08:002009-09-06T22:40:20.097+08:00Hi $ing,<br /><br />I am of the opinion that term insurance is better as it is much cheaper and cost-effective than life insurance thus one should have no problem in getting sufficient coverage. In general, single people do not have financial dependents i.e. people who depend on them financially as our financial dependents tend to be our family members. Thus in the unfortunate event that they pass away, no one will be financially worse off. As such, single people do not need life or term insurance generally.<br /><br />KayKayhttp://www.blogger.com/profile/10880809899222016666noreply@blogger.comtag:blogger.com,1999:blog-1907231003206534428.post-19967338855471438232009-09-05T17:04:48.619+08:002009-09-05T17:04:48.619+08:00is term insurance better than universal life insurance? what&#39;s the down side for universal life insurance. i heard some financial advisors saying single people do not need life insurance.$ingnoreply@blogger.com