If you have loved ones that are dependent on your income, it is usually best practice to have insurance coverage. In any financial plan, having the ability to reduce downside risk in case of an emergency is a necessity. Life and living benefits insurance can fulfill that role.
If you do not have dependents or if you have adequate coverage, it might not make sense to buy a policy. Our role is to work with you to determine what risks might exist and present options to you based on your financial situation. That does not always mean we will propose a new policy.
The sooner you get insurance, the cheaper it usually is. It is less expensive for an insurance company to insure a young, healthy person that it would be to insure an older person with a preexisting condition. Getting an insurance policy sooner to cover existing risk can be a risk reduction strategy in and of itself.