@AmritaMathur Term life insurance is the way to go most of the time. It’s cheaper and only covers a certain length of time. Cheaper when younger as statistically you’re less likely to die compared to when you’re older. The insurance company is betting you live longer than the policy.
@AmritaMathur Life insurance is for peace of mind. You should look into it if you have someone depending on you financially (children, spouse, elderly parent etc). If you die you want them to be ok financially.
$1k per year to know my family will be ok is worth it to me.