What Age Do You Get Life Insurance? 
Since there are only two guarantees in life , death and taxes , as soon as possible . Most parents purchase on a child at birth for two reasons . One to cover funeral costs if the unthinkable happens and two , to protect the child 's insurability . If you do not have life insurance from childhood , the next time to purchase life insurance is when someone counts on you for either income or paying back a debt . Whether it is personal , such as loved ones like a spouse , partner or child , or a business partner that would lose financially if you were to die untimely , these are the situations to purchase good life insurance . The younger and healthier you are the better rate you can lock in for many years or the rest of your life . However , it is better late than never . Lack of life insurance can cause a whole host of financial problems for those left behind . 