Hey everyone. I'm a mid-20s man working in Investment Banking / Big Law / Medicine with high salary potential. I'm thinking of a term life policy because:
- My parents are working class. I'd say they'll have 30-40 years to live and I want to buy them a house and support their retirement, since they don't have much saved
- My future family. My fiance and I are thinking of having 3-4 children starting in the next 1-2 years
I have to balance the fact that the further I advance in my career I can certainly help my parents with large expenses. But if I die young it won't happen, and I won't be able to support my children's education and whatnot.
Anyone familiar with such professions and goals, what would you recommend for term coverage? Any other policy types to consider? Thanks