<prompt> Human: Im going to be a medical resident in a year or so, and eventually a doctor. My parents are very blue collar who dont have a lot of retirement funds. Ive accepted the fact and happy to that Im going to take care of my parents when Im a physician so I am not too worried about money then.But until I am financially stable myself, and in case god forbid I die in an accident before then, can Ishould I buy life insurance until I am fully financially capable to make sure theyll be okay up till then?Thanks Reddit!  <response>: Agree. Get a term policy. They are cheaper than whole life policies.Term means it is only good for a specified number of years, and then it ends. Whole life insurance stays in effect your entire life and builds up a cash value, which is money you can access while youre alive.Term insurance typically has no cash value feature. 