Generally speaking, the younger you are when you buy life insurance, the lower your premiums will be. This is because life insurance companies use actuarial tables to determine the likelihood of you dying within a certain time frame, and younger people are generally considered to be lower risk.
However, it’s important to wait until you have a need for life insurance before you buy it – for example, if you’re single and don’t have any dependents, you may not need life insurance at all.
On the other hand, if you’re married with children or are the primary breadwinner in your household, you may want to consider buying life insurance to ensure that your loved ones are financially protected in the event of your death.