There is a broad relationship between needs and assets over a period of time. Not much life insurance is needed in the initial stage. So, too, in the empty next stage. The maximum need for life insurance arises during the mid-phase, when one is married and has children. Stage of Life Needs Assets 1.Initial stage, no family Responsibilities.
Premature death leads to minimal needs like funeral expenses.
No worthwhile assets. Just a beginning. Maybe some cash balance. Married, with children Premature death causes serious financial problems as most of the needs continue. Some assets available.