Hi I really need some brief advice. I am 24 with some outstanding debts e.g. overdraft from student days, bit of credit card and obviously student loan. I am v worried about my parents having to take over these debts if something happened to me as they are coming to the end of their working lives. If I take out life insurance then am I right this will pay out a lump sum on my death that would clear off these debts? Is that a good idea? I feel quite young to have life insurance but I want to protect them. TIA.