Suppose your family or loved ones rely on you for financial stability or would become responsible for your debts when you die. In that case, you should consider buying term life insurance. Term life insurance is affordable life insurance that is easy to get, especially if you are young and healthy, and can help your loved ones remain financially stable should you die. When you approach a significant life milestone like marriage, kids, or buying a house, you should consider purchasing term life insurance. As you get older and have fewer dependents and debts, you may not need as much life insurance. If you have a unique financial situation or lifelong dependents, you may want to consider other permanent life insurance options.