Joseph et al.: There are many people who live modestly, and are also quite poor (meaning they have no choice but live modestly and have trouble making ends meet). If you are on an economic level where any fall in income simply triggers more “social safety net” entitlements (think in terms of WIC, food snaps, medicaid, Section 8, seriously discounted tuition, etc.), you are probably better off spending your money on things such as food, shelter and clothing rather than life insurance.
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