<prompt> Human: As the title says 26 yo and I have term life 30 years for less than 400 a year. My question, is there really a need to buy life insurance? I mean life insurance is for people with family that they need to help out when they pass away correct?I dont have a wife or kids yet and the person who would benefit from this life insurance is my dad. Worth it?  <response>: Im going to disagree with ujk989 and say no, its not worth it. You dont have anyone dependent on your income, so theres really no need for your life insurance. The cheapness of getting life insurance early is more than offset by the fact that you are paying 400 every year for pretty much nothing assuming you are a healthy 26 year old, the risk of you dying is pretty low. 