I don't have life insurance, should I have it?

A life insurance policy is something that many of us don't want to think about and to be honest I have not yet set one up myself, but I am thinking about it.

Right now I am fairly young, have good health and an Ok family history so starting now may be the best time even though i don't have any dependents. If I get sick in the future and have dependents it may cost me much more to get the policy and I may have to make the decision for them to get no help financially if I pass away.

I have heard that some life insurance policies even pay out a small amount before you die and this may be something to consider too.

As with all insurance someone wants to make some cash so always read the small print and make sure you understand all parts of the contract and that it is right for you. It may be the most responsible decision you ever make.