1. Your age
When it comes to life insurance, age is not just a number. In fact, the age of the policyholder is the biggest factor behind insurance premiums. So, if you are in your 20s, you will most likely pay the insurer for many years before they ever have to write your family a check.
Therefore, you are probably better off taking out a policy before it’s way too late. However, this doesn’t mean that you need insurance as soon as you finish college… at least not when you don’t have financial dependents such as children.