If you are in your late teens or early 20s, you can lock in a very cheap life insurance premium for the next 20 or even 30 years.
Then you will probably be at the peak of your service years and your household will be better able to withstand the financial consequences if you die unexpectedly.
I suggest young people buy the lifetime policy exactly because they are hale and cordial.
They may think they do not need / can not afford life insurance.
But they need it and they can almost certainly afford it, even if they are stuck with a student loan on a starting salary. .
It can cost as little as $ 1
As little as 39 cents to 43 cents a day can provide the coverage that makes survivors' lives much easier.
(By the way, both spouses / partners should get this insurance.)
Still think y Can not afford it?
If so, think of it this way:
If your household is living wage by wage now, what would happen if one of those paychecks disappeared?
Even if you are single, the insurance would pay for funeral expenses and expenses to manage your property (even a small one can be a lot of work) and provide some money for grieving parents and siblings or, say, college funds a beloved niece or nephew.
With these numbers above, you would spend $ 2,784 to $ 3,139 over a 20-year period and $ 4,176 to $ 4,708 for 30 years of coverage (less than that, probably if you buy earlier).  Sure, it would be nice to have the money in your pocket. In the big order process, it's chump change.
Imagine that you or your partner / spouse dies suddenly.
The grieving survivor and any children or other relatives you have have to make some tough decisions while you are in shock.
( Can we afford the rent / mortgage? Do I have to remove the children from the school and the neighborhood they love because we can not afford to live here? How about health insurance? I had planned to be a stay-at-home parent for four more years but now I have to find a job and childcare immediately because our savings will disappear within three months …)
Some show the benefits of permanent life insurance.
However, this is often because they make a lot of money selling it. For most, better longevity is appropriate.