Personally I think buying a permanent (whole life) level premium insurance policy when you are young and healthy is smart. The older you get, the more expensive it gets. I envisioned, when I was young (20's) that at some point I would have responsibilities to others as time went on (children and/or spouse), and I thought it smart to get into life insurance when I could get a half million coverage that fit in my budget.
I still have that and a lifetime survivor benefit program that will pay out 50% of my monthly gross income for any eligible survivor(s) for as long as they live... which was good because I have a permanently disabled stepdaughter and I'm glad I know she will be the beneficiary.
For me it meant no matter what, I would go to my grave knowing those I loved and cared about were taken care of. Money doesn't and never has meant a whole lot to me other than wanting to have enough to take care of those I love.
If you are on in years and have nobody you are responsible for or love and care about, it makes zero sense to have life insurance other than a burial expense plan.
