When Should I Have Life Insurance? 
I encourage you to listen to Peggy 's advice above . There really are policies out there for so many situations . Every person has a unique position . Be sure to find an advisor who can customize specific to your planning needs . An example , would be even if you need $ 1.5 M in coverage , but can only afford $ 625k - - then just get that amount for now . You can always ladder coverage later . I have seen situations where someone thought they had to have the whole thing so they opted to do nothing and that does n't work either . Great question ! Sheryl Brown / @AshBrokerage 