When you decide to purchase life insurance is largely a personal decision based on your health status, financial needs and if you have any dependents. In general, buying life insurance when you’re younger allows you to get a more competitive rate than buying life insurance when older. Even so, this doesn’t mean it’s impossible to find affordable life insurance options at any age that fit your budget. Shopping around with multiple carriers and considering policies from both traditional and newer life insurance companies could result in several suitable options for your life stage and financial needs.