It was a sales tactic. Drop the policy and pay off your CC debt faster. If you ever get dependents, buy a term policy to cover them in case you die and they lose a primary source of income.

What exactly were you hoping to insure against if you die if you are single? If you are interested in retirement, simply contribute that $100 to retirement…

I don't see any of this working out. There are just too many moving pieces. Renting is ideal even though it's more expensive. You're paying for the luxury of flexibility and freedom. At this point in your life, that is what is most important. Don't tie yourself down to anything.

I'm not disagreeing with your point, it just made me think about how we think it's bad for 18 year olds to take out a $100k mortgage for property, but it's perfectly normal for them to take out $100k in student loans, which are arguably much more risky.

You need a credit history, good credit score, and a history of regular income that proves your ability to pay the mortgage.

How are 4 teenagers going to qualify for a mortgage?