[kork13]

I think life insurance is important to have, at least as a way to cover your own final expenses--funeral, burial, repayment of any outstanding debt, so your family doesn't have to. For a single person with no family, responsibilities or anything like that, a small term-life policy of $30k-$50k would probably be reasonable. I currently have a policy for well more than that, but it's very inexpensive (~$1 per $1000 of coverage per year), and it's easier to just have it now so that when I have a family, I won't have to worry about suddenly getting it. Once you have a family, I've heard that you want to have a policy that will replace 5-10 times your annual salary, dependent on your family's situation--no kids, you can be on the lower end... kids nearing college, probably want to be on the higher end.