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.
I don't see why you should. What you need at this point in your life is basic insurance protection, a policy that pays a death benefit that can provide income and assets for your children in the event you're not around to do that yourself. And that's exactly what you get with term insurance.