If others depend on your income (kids, spouse, family, other dependents, etc.), seriously consider getting life insurance.
Term life insurance is appropriate for most people vs. whole life.
Use a site like Policygenius to get a quote (not a sponsored link). For many, life insurance is quite reasonably priced.
How To Buy Term Life Insurance in 7 Easy Steps (Clark Howard)
Why Whole Life Insurance Is a Bad Investment—Debunking the Myths (The White Coat Investor)
Before you buy life insurance for your kids (often mentioned by companies, agents, and websites getting a commission for recommending it), be sure to read opposing viewpoints.
- Why Life Insurance for Kids is a Scam (Smart Money Mamas)
- 6 Reasons Not to Buy Life Insurance for Your Children (The White Coat Investor)
- Life Insurance for Kids (Ramsey Solutions)