Most single young people think they don’t need life insurance. Generally speaking however, it deserves consideration. Many young people accrue significant college related debt – life insurance can be used to pay that off (and save your family from having to do so) should something happen. Or, if you were to come down with a life threatening illness, it can be hard, if not downright impossible, to get a life insurance plan. And, if you purchase a permanent life insurance policy early in life, it allows you to lock in a low monthly premium for the duration of your life because life insurance gets more expensive the older you get.