Life insurance is the only insurance that you are guaranteed to use if it is in force when you pass away. It is most often purchased for two reasons, love or obligation. It may be used to fund a buy-sell agreement, provide a safety net when a provider dies, or used to pay estate taxes.
In fact, life insurance may be less expensive than you imagine. Over the last several decades the cost of term insurance has been decreasing as life expectancies increase.
A life insurance policy may be purchased in several forms depending on your financial goals. Most life insurance pay outs are received tax-free by the beneficiary. If you are healthy, now is the time to apply.