I know I talked about the benefits of having life insurance, but I wanted to chat about what kind of insurance one should look into getting. This is my opinion but I would only get term life insurance. Many financial experts agree that whole life insurance is a waste of money. If you are looking into it for investment purposes then you are better off investing in either a Traditional IRA or Roth IRA. A term policy is extremely affordable and you can always convert it later if you want, but I am really happy with the term policies we have. I spend $35/mo for both of us and we have a rider for our son.