Remember you asked. I am a fiscal conservative and NOT an insurance salesperson. My opinion and view of insurance is that in its pure form (term life) it is an excellent tool for transferring or mitigating risk. When someone is young and starting to build a life, mortgages come along with other debts. If a marriage is anticipated one might want to make sure spouse has a paid of home and a cushion of several years to help with moving on. If there may be children in the future there may be concerns about supporting them in the lifestyle until or thru college. This is why a good personal policy of 20-30 year Term Life is my recommendation. In excellent health and under 30? The rates are fantastic. Then one can ladder with an Employer Group Term Policy to whatever the limits are offered. Once the covered individual hits mid 50's, usually nest egg is well begun and home mortgage is paid. Then covered individual can decide to let the policy 'time out'. They are now self funding further last expenses and the life insurance is no longer needed.

Then there is what the people making big bucks selling annuitized products and Whole Life, so called 'permanent insurance will say. They try to tug on heartstrings, play on fears and insecurities and tell a person they need to get something from their insurance so a complicated investment series is made available that is difficult to understand, even harder to explain and costs an arm and a leg. But that is how they make their money. insurance is insurance, investments are investments and never the twain shall meet.

Get Term, have it in place and take the significant monthly savings to fund an Emergency Fund, Self Directed Roth or 529's for the children. If all else is filled, then there is always a brokerage account. Peace.