Is It Better To Get Life Insurance When You'Re Young? 
It is always a good idea to purchase cash value life insurance while you 're young and healthy . Think of it as buying a piece of undeveloped property . You can buy it cheaply and as you hold onto it the value increases over time . Whole life is a valuable asset that works best with a lot of time to work . What really is good about whole life is later in life , when you 're not so young and not so healthy . They ca n't take it back , end it or raise the price . Believe me , as a 53 year old with major health issues the most secure financial tool I own is my whole life insurance . My health as of late , would probably make me uninsurable , so having taken care of that as a younger much healthier man , was one of the smartest things I 've ever done . Also term insurance as you hit your 60 's is not the same product price wise as your 30 's was . It is very expensive and many people in thier 60 's are now looking for low cost term insurance for the next 30 years and are n't finding it . Later in life , term insurance has a way of making whole life purchased at a much younger age a real bargin . 