Term life insurance is a good idea for someone who doesn’t have a lot of assets and is young with a healthy lifestyle. If you are in your 20s and 30s and have a healthy lifestyle, term life insurance is a good option because it has a low premium and is affordable.
One of the main advantages of term life insurance is that it’s fairly inexpensive, which makes it more accessible to a wider range of people. Another advantage is that term life policies are simple, and they don’t have any cash value, which means that you won’t have to deal with a complicated investment-type policy.