For who has a life insc. policy - term or perm

[chefwong]

I bought mine WAY back when I was very young and was making good money out the gate . It was not a very *educated* decision but at that time, I thought it was a good move just to have one in all cases. As I look and reevaluate, and based on my lifestyle, I may just switch it out to term. Just gotta get the figures on what the cash value/surrender is.

Everyones got a different perspective on this and I would love to hear some opinions on what you chose and why ?

Ain't got kids yet nor ball-n-chain yet.....

[motordavid]

Term only, imo.

Though if no Kidz or spouse, other than a lower "entry fee" point due
to your age, I'm not sure if any life ins. is a great move for you.
(No idea of your personal situ...)

I would rec'd disability insurance, if your employer offers it, and max it
if you can. If self-employed, I'd hit up dis. ins., privately also.

If you are still paying on that whole life, I'd cash it/can it...it's simply
a very low return "savings" plan you have there.
All, imo.
GL,mD

Edit: here's a couple links...pages of 'em on the net:
term vs. whole life: http://www.smartmoney.com/insurance/...story=lifeterm

And, a randomly picked LTD site, if you don't have one offered through your employer:
http://www.4-disability-insurance-quotes.com/

Do you own DD, but LTD is very important to have, imo.