But after you started working steadily and got married, it's a good bet you signed up for at least minimal life insurance. If something were to happen to you God forbid you wouldn't want your spouse to end up on the street. And funeral expenses are one of life's unpleasant, but unavoidable certainties. If the loss of your income or financial assets would unfavorably impact your spouse, you need life insurance. If you own or rent a home, you undoubtedly have homeowners or renters insurance.
Homeowners have no choice, and renters go without at their own peril.
Your insurance coverage could probably use some beefing up. As soon as dependents enter the picture, adequate life insurance becomes vital. Again, ignore the sales pitches. His commission is at stake, so he's motivated to sell you whatever policy brings him the fattest paycheck, not necessarily th eone that actually suits you best. That said, it might be best to do the research yourself.