here is no set amount of time you need to have life insurance before you die. Life insurance coverage is typically effective as soon as the policy is in force and premiums are paid.  Some types of life insurance policies can hold the policyholder's funds for a long period of time, potentially decades. This can be beneficial for those who want to ensure that their loved ones are financially protected even after they pass away. That said, it's important to carefully consider the terms and conditions of any life insurance policy before making a purchase.