37) Commercial paper that is sold without going through a broker or dealer is known as A. book-entry - Answered by a verified Financial Professional Finance Have Finance Questions?
Life insurance is usually used to protect your income for the benefit of your dependents (although there are other reasons to purchase life insurance, such as for estate planning). You should in most cases purchase life insurance when you have dependents or when you have a large outstanding debt such as a mortgage.
Once you have a life insurance policy in place you may do what you want. The life insurance policy is based on who you were when you took out the policy. The life insurance is not affected by any dangerous hobbies that you engage in, any health problems that arise or any drug use you partake in AFTER the life insurance policy is put in place.