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Are you married or do you have dependants whom you support? If the answer is No, then you do not need life insurance of any kind. If the answer is Yes, then you probably want term insurance. This provides no cash buildup, but it is much, much cheaper than whole life. You can invest the difference in the premiums and almost certainly do a lot better than the insurance companies will do for you.

For term insurance, Savings Bank Life Insurance seems to be a good buy. At least that's what colleagues say; I am single and do not need life insurance.

The Fool has an Insurance board; you should look there.

But, in any event, life insurance is not an investment, any more than car insurance is. It's a hedge against a bad circumstance. The rest of what the insurance agent might tell you is mere window-dressing.
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