<prompt> Human: HI, Im 33, recently married and about to close on a house, and we have no children. My wife and I were discussing getting life insurance. She has a small one that her father took out for her, and when he passed it went on to her. I was going to move forward with getting a policy, but my boss told me I should think about investing the money instead. I currently have to simple IRA plans, one that I contribute through my work that they match at 3, the other is one that I had myself but no longer contribute to. My boss advised me to look at indexes... Ive never really invested aside from the IRA, so Im not sure where I would begin and if its better than trying to get the life insurance policy.  <response>: Your only dependent right now is your wife. Her only dependent is you.You probably dont need life insurance, but you might want to each get enough life insurance to pay off the mortgage, if neither of you could cover it on your own.Get term life insurance only. Whole life, and other forms of life insurance are poor financial decisions.Term life insurance is cheap. Google it. Get a few quotes. Good luck. 