The best time to buy life insurance is when you have a need for it and can afford the premiums. Here are some life events that may indicate a need for life insurance: Starting a family: If you have dependents who rely on your income, life insurance can help provide financial protection in the event of your death. Buying a home: Taking out a mortgage for a home is a major financial responsibility, and life insurance can help ensure that your loved ones are not left with this debt in the event of your death. Starting a business: If you are a business owner, life insurance can help ensure that your business can continue to operate in the event of your death. Retirement planning: Life insurance can be used as part of a retirement plan to provide income for your beneficiaries in the event of your death. It’s important to keep in mind that the younger and healthier you are when you buy life insurance, the lower your premiums will be. So, if you have a need for life insurance, it may be beneficial to buy it sooner rather than later. However, it’s also important to consider your current financial situation and make sure you can afford the premiums before purchasing a policy.