When Should An Individual Purchase Life Insurance? 
The best time to purchase life insurance is when you are young and healthy : the monthly premium will be low , compared to getting it when you are older . Simply put , the younger and healthier , the better ! Generally , most people start with Term Life Insurance , and convert to a Whole Life or Universal Life . Before purchasing any Life Insurance , talk to your agent ; he/she can best advise you on the best approach to Life Insurance based on you current budget , anticipated needs , and where you are in your life at the time of inquiry . 