Life Insurance

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You certainly can. The misconception about the price of life insurance is the main reason many people opt out. Consumers think life insurance costs nearly three times the actual price, according to a report by the nonprofit Life Happens. Premiums depend on many factors, including your age and health, so it's advised to look into life insurance now rather than waiting until you’re older. 

Employers often offer life insurance policies — and that’s a great start. The problem is this coverage only lasts while you’re employed with the company, which puts you at risk if you change or lose your job. And most people usually need far more than what their employee can offer. 

Not married? Kids not in your immediate future? You may think you don’t need life insurance yet, but it may be to your advantage to buy it today. Generally, the younger and healthier you are when you initially purchase life insurance, the less expensive it is, and the easier it is to qualify for it. Each year that you wait to purchase life insurance, your rates will most likely increase. And if you develop any health issues in the future, it may impact your ability to get life insurance regardless of your age.