Oh last thing before I really leave for sure!
I read a lot of Suze Orman books and her Young, Fabablous and Broke book she mention that Cash Value Life insurance is a rip off.
She says one should only get insurance if they have someone that depends on them for a living and they should only buy the insurance that pays out when there is a death. She says people should not buy insurance when they don't have any dependents. (like buying insurance when you don't have kids or buying insurance for your kids are a waste of money)
She also mention that Cash value insurance is a rip off b/c you will MAKE MORE MONEY if you invest in the money yourself...she mentioned that the insurance companys are actually just using your money (or your interest money) and that you are better off investing the money instead of buying cash value life insurance.
What do you guys think about this??? I don't know if I agree or not b/c I don't know enough about investments and stuff...but I have a feeling that Suze is right b/c she is the best with money.