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Unlike health insurance, not everybody needs life insurance.

3 types of people who usually don’t need life insurance

It's usually not cost effective to buy a life insurance policy as a retiree, person with no dependents, or a child or young adult.
The author is not pictured.

I bought a $500,000 life insurance policy at age 25 and I’d recommend every 20-something do the same

After becoming a dad and buying his first home, the author knew he had to put protections in place for his family, and life insurance was a key step.
Life insurance is a crucial part of any solid financial plan.

Life insurance is one of the best tools for protecting your family’s future — and the younger you are, the cheaper it is

What is life insurance? It can replace income, help pay off debt, or provide a savings cushion for your dependents if you die prematurely.

I took out $200,000 of life insurance in my early 20s, years before most people ever think they need it — and I’ve never looked back

I bought my first life insurance policy in my early 20s because I was about to become a new parent and wanted to lock in a lower rate.
An insurance premium is akin to a monthly bill.

What is an insurance premium? Your monthly insurance payment, explained

An insurance premium is the monthly or annual payment you make to an insurance company to keep your policy active.
Whole life insurance isn't right for just anyone.

One of the 2 main types of life insurance can cost hundreds more a year, and 2 questions can tell you whether you need it

The biggest differences between term and whole life insurance are monthly cost, length of the policy, and whether there is a cash value component.
It's an ideal time to get life insurance if you're newly married, earning a high salary, or starting a family.

Here’s exactly how to get the cheapest life insurance policy online

Most experts recommend term life insurance for cheap and simple coverage. Typically, the younger you are, the better your rate.
A life insurance medical exam is no big deal.

People get scared out of life insurance by being asked to take a medical exam, but I did it for my $1 million policy and it was no big deal

In many cases, the medical exam is done by a nurse who will come to your office or home to conduct the exam at the expense of the insurance provider.
Life insurance isn't fun to think about, but it's important to protect your family.

I signed up for $1 million of life insurance before I ever had a family, and it sounds like a lot — but if I could do it again, I’d get tw...

To decide how much life insurance he'd get, he multiplied an inflated estimate of his annual expenses by 10 and added more for kids' college costs.
In your 30s and 40s, you're likely to have dependents and need life insurance.

Experts say term life insurance is the right choice for most everyone, but especially people in their 30s and 40s

Experts recommend purchasing term life insurance during your 30s and 40s because rates are lower then, and you probably have dependents.