Life insurance tends to be inexpensive if you’re young and healthy – a half‑million dollars’ worth of insurance usually comes with a premium that is smaller than $20 a month, on average, if you’re 30 years old and healthy. You’d pay twice as much, however, if you were 40 years old. If you take medicine for hypertension, in addition, you’d pay $55 a month.

As you work your way through life you will reach many milestones. From getting married to having a baby to buying your first house, these are exciting times in anyone’s life. However, as amazing as these moments are, they can also come with some significant financial obligations.

Life insurance is an invaluable way of protecting your loved ones in an uncertain future. However, having a policy that doesn’t deliver when it’s needed can almost be worse than having no policy at all, simply adding to the difficulties your family will already be facing.

Buying life insurance can be a smart thing to do, but the choice is not as simple as you might think. While many people need hundreds of thousands, or even millions of dollars, in life insurance coverage, others may need little coverage ‑ or none at all.

Everyone is unique. People come in different shapes and sizes and skin tones. We have different family heritages and different religions, or no religion, and we have different opinions and different senses of humor. But we all have one thing in common: Eventually our lives come to an end.