No one knows what will happen in the future. To find out if you need life insurance, the following question is the most fundamental: How many people are financially dependent on you?
People can spouses, children, parents, siblings, etc... If you answered "no", you probably do not need to participate in the insurance program. You can invest your money elsewhere.
Instead, consider buying an affordable life insurance if you:
- are married and your spouse depends on your income
- have children
- have a parent or sibling defective / not self-dependent on your income
- have no savings, pension, or investment sufficient to support your loved ones after you die
- have business continuity depends on you
Other than that, consciously or not, some kind of work is more dangerous than others. When you work in hazardous jobs such as construction, mining, airlines, courier services, security and more, you need more life insurancethan if you work in a sector that is relatively more secure.
If you are already aware of the need for life insurance, do not wait until you actually need. At that point, you may be old, sickly and unable to buy insurance products without the premiums are expensive. Have insuranceprotection is better than none at all.