<prompt> Human: Hello - My parents mentioned to me today that they were having an insurance agent visit us tomorrow. I cringed a little mainly because it is their dentists receptionist... The guy apparently helped them out before by waiting to charge their bill in December one year. They trust him with insurance but I personally dont want them handing this guy free money. Mainly because my Dad mentioned one time he went around his desk to see some paperwork and caught porn tabs on his browser... Not that it really matters in this situation but I really doubt my familys instinct on this one.Overall, their house is worth about 230k right now and they have a heloc loan with about 120k the last time we ever discussed finances. My Dad is 68 and getting his S.S. and my Mom works as a security guard for 15 with OT hours put in often too, she brings in about 32k after taxes and will probably collect S.S. soon.Im fully self employed and while the income varies, I have very low expenses and am only leveraged 1:2 with money in checking and savings on hand and my roth ira maxed every year possible. Id expect to be roughly in the ball park of conservatively netting 40k after all taxes and itll very likely increase if I commit full time to it, however I am in the search of beginning my career while keeping the business to the side and down sizing it appropriately to get the most out of it. Additionally, my ratio for leverage varies greatly as I make my income in time to pay off statement balances on a business card. The expenses scale with the income and the turnover is relatively quick so I have never been in a position where Ive been stressed to not make any payments on time in full.When my parents brought up getting life insurance I mentioned how wed be fine if they were to both tragically pass tomorrow. They mentioned things like the costs of that happening but weve discussed before that they wanted to be cremated and I know that I would be able to afford that either with cash on hand or on a personal credit line that Id be able to cover. Additionally, their monthly payment on the heloc is something around 1100 from my memory. I would either be able to cover that until I cleaned the place up and rented it out or sell it assuming the bank wants their money from my parents assets. I know theres term life insurance but our whole familys expenses are rather conservative to begin with. I really want to show my parents the math on this before they talk with the agent tomorrow or at least be present with them to prevent them from signing up for anything mathematically insane. Itd be pulling teeth to convince them to drop life insurance altogether, but is there anything I should look out for or consider given our financial situation?x200B;Edit: I forgot to mention I am their only child and they have their will leaving everything to me. I do believe there was actually a clause in there of something that insisted I cremate them to keep their ashes. They specifically did not want to be buried.  <response>: Sounds like youre right - they dont need life insurance. Should they both pass tomorrow, the balance on their HELOC would net against any proceeds youd get from the sale of their house. If they have cash on hand to cover the costs of any final services cremation then thats taken care of. They dont need to worry about the HELOC.If theyre insistent on getting any life insurance, it should be term as you pointed out. The downside of this is that its going to be extremely expensive due to their ages. Id bet the premiums would make it more or less worthless. 