When Should Someone Buy Life Insurance? 
The typical profile of a life insurance owner is someone who is a family breadwinner and has minimal savings . In other words , has dependents and debt . Term life insurance is by far the most appropriate kind of life insurance for the majority of people . Advantages of term life insurance - Generally lower cost than permanent insurance . - Offers higher coverage at a more affordable price . - Gives you the most coverage for the lowest cost - up to 30 years . - Ideal for younger families when the need for protection is greatest . People choose term life Insurance for covering specific needs that will disappear with time , such as : - Income replacement - Financial security for dependents - Mortgage protection - College funding - Final/burial expenses Use a needs life insurance calculator and get online quotes so that you can compare rates from top rated companies to get the lowest price . Important note : Beware of sites that ask you for your contact information before you can see quotes . 