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Term insurance is the best-suggested way to get life insurance. When one buys term insurance, premiums go towards life protection.
If an individual does not have any dependents or liabilities, it does not make sense to buy a term insurance policy. Term Insurance depend on how long the responsibilities are.
One should buy the term insurance at an early age, as soon as one has an income or dependents. As one grows with age, a lot of diseases are diagnosed so an insurer may reject the insurance application.
Life insurance premiums get locked for life and do not increase with age, so it is best to get one at an early age.
One should not fall for sales pitches that may push one to buy term insurance with a return on premium or a double return on premium.