Should young people consider life insurance? 
Certainly , one should purchase Life INsurance when there is a need for such protection . The obvious need is when someone is dependent upon you financially . However , someone may also be responsible for you financially should you die prematurely , say for eample your parents who may have cosigned for an auto loan . There is reason to consider life insurance both for financial depenency and financial responsibility . Even if either situation exists , however , consider that purchasing Life Insurance at a younger age is way less expensive , and if it is a form of permanent insurance , will give you many more years to accumulate the benefits of cash accumulation that is , in most cases , not taxable so long as the proceeds remain in the policy . The other reason to consider Life INsurance while young is that one you have the coverage , your `` insurability '' is protected meaning that even if you happen to develope a serious illness or condition when you are older that may otherwise hinder you from buyibng life insurance , that which you have can not be taken away from you . 