When should you consider purchasing life insurance on yourself?

You may want to consider purchasing life insurance when you have an actual need for life insurance protection.

Determining whether you have a life insurance need may be as simple as considering whether anyone relies on your for financial support of any kind.

Or, if anyone would suffer financially if you were to die.

For instance, do you provide financial support to anyone, who would pay for your funeral and burial, do you have any outstanding bills, etc.?

Many people put off buying life insurance until they are older and have a family that relies on them for financial support. However, depending on your health you may or may not be able to qualify for life insurance when you need it, and the rates may be  much higher than they would have been had you purchased life insurance when you were younger and healthier.

That's why it's important to review your life insurance needs on a regular basis, especially once you get married, purchase a home, start a family, get a job promotion, or when any life changing event occurs in your life.

Here's an article explaining why do we need life insurance to help you better understand reasons many people choose to purchase life insurance protection.