Term is the lowest cost life insurance product available.
Your need for life insurance changes with the stages of your life, starting with no need when you're young, progressing to greater and greater need as you take on more and more responsibility, and finally beginning to diminish as you grow older. When you're single . An argument could be made that you should buy a policy now while you're young and rates are low. And if someone, a parent, say, depends on you for financial support, then by all means consider life insurance. Married with children .