When I was 30, I ended up getting term life for 20 years starting on my own for about $ 1/2mil.

Things were cheap then… Before all the health things, which basically makes me pretty much uninsurable from a life insurance perspective. So I sort of regret not getting more insurance when things were cheap and obtainable…

Just in case…I figure…My employer(s) typically paid for life insurance up to 2x my salary…And then I contribute to a voluntary life for another $200k up to the maximum without requiring any sort of health exams…

My view on life insurance was that I was only planning on having one as a “stop-gap” measure until I accumulated enough wealth and my 15 year primary mortgage is done (which hopefully won’t matter soon with passive income elsewhere covering the mortgage)

Some folks have mentioned to me it’s a good vehicle to pass on some of your net worth to your kid(s)… I haven’t looked into much of it yet….I tried to understand the entire whole life and variable annuity and it was way to complicated for my brain at the time to the point that I didn’t feel comfortable doing something I didn’t understand… But I’m sure there’s a benefit if you figure it out… It’s sort of a moot point for me now, since well, insurance companies wouldn’t want to touch me now…lol….