<prompt> Human: So I have been trying to work this out on my own and I realize I have no idea what Im doing, and I dont really have anyone to ask so I was hoping you wonderful people might be able to give some advice. I was recently approached at work by a representative for a life insurance company that is contracted by my employer to insure employees. He said that this is a great service provided by my employer and that theyll take the payments direct from my check oncemonth and Id have life insurance. I am only 23 so I dont know anything about this, but he said that because Im so young Ill get a much better rate than I ever will again.. And continued with the typical sales pitch about this being a one time deal and Ill never get as good a deal again. So i said fine and that I would like them to send me an official policy to look over and that I needed to be sure theyd let me cancel it if I dont want it after reading the policy. He said absolutely I have a 30 day period in which to cancel. I have the policy now and I really dont understand what it all means. It is a whole life policy, that he said covers every type of death but Im reading the policy and there is a lot more to that in the fine print. I would be paying 7.70 out of each check 2month, so 16month which increases by 2 every year for the next 5 years ezv 25yrs. That gets me 22,683 in insurance at first, and increases by some amount each year and tops out at around 70k after the 5 years. Is this worth it? Its making me really depressed to think about, because I dont like thinking about dying at 23 and also I cant ask my parents because theyll freak out so I dont know what to do. I feel a bit preyed upon by my employer, because I was approached at work and kind of cornered into this. But they have been really good about everything else so Im not sure Im not just being paranoid and that this might actually be a good policy. I could really use some advice on what to do. Is this typical? Is it wise for me to get a policy like this at this age? Thank you for any help you can give! Tl;dr: healthy 23 year old offered whole life insurance policy through work, should I take it?  <response>: Not this type of policy. This is garbage.Start by determining how much life insurance you need, assuming you have no dependents:Life Insurance required Assets - Debts - Cost of FuneralAfter you know the exact number you need, go find a life insurance policy that meets those needs no matter which year of the policy you are in.Right now, 22,683 of life insurance might be exactly what you need, but you cant predict what youll need in five years. Thats what makes this escalating type of policy crappy. 