By Dan 
Taking out life insurance is the adult and responsible thing to do, and yet you may not yet have taken the plunge. If you haven’t, it’s probably high time your examined your personal finances and really asked yourself what you want to do about them. If you remain unconvinced, check out these three reasons why you should make sure to take out a life insurance policy as soon as possible:
Your Work Coverage Isn’t Enought
Health insurance may be a given at your place of work, but life insurance usually isn’t. If you have one base covered, you might as well cover them all, and make sure that you and your family are totally covered in the event of a disaster. One common rule of thumb that might be helpful to look back on frequently is that life insurance should provide seven o 10 times the insured parties annual salary, so that the beneficiary can sustain themselves while they reorient and finish the grieving process.
It Isn’t Complicated
It may indeed seem complicated, but in fact, your life insurance claim is quite simple. Basically, there are two main types: permanent, which is supposed to cover your whole life, and term, which lasts for only a predetermined amount fo years. Many people choose term because of the lower premiums, but you should talk to your life insurance company representative to determine which type is right for you.
The Longer You Wait, the More You’ll Spend
In many ways, life insurance is the same as many other types of long-term investments. Therefore, the earlier you start it, the better it will end up for your family members. If you wait, a life insurance policy may not really be worth it anymore.
Life insurance is designed to come in plans that work for individual people — you should consult with a lawyer and a representative of a life insurance company to find out what kind of life insurance claim would be right for you. Don’t wait until it’s too late to provide for your family and beneficiaries.