Life insurance isn't just for families. Even young adults might have dependents (like your parents or siblings) or want to secure their own future.

A few more reasons:

• Lower premiums: In general, young adults enjoy better health which will equate to lower monthly premiums. With a flat premium structure, you can even lock in low premiums (which won’t change) for the term of your policy.
• Protect your loved ones and assets: From student loans to credit card debts, financing a car or perhaps even looking at your first home, if you had a co-signer and you passed away or if you’d like your asset to be left to someone, your life insurance would help protect those left behind from the burden of paying off those debts or losing the asset.
• Exit Gracefully: You may not have kids, but you probably have a family or close friends. For you (and more importantly for them) there’s funeral expenses and estate related costs.