Life insurance has gotten much cheaper over the years, in part because people are living longer. Add into the mix the Internet, which has made it ultra easy to compare prices when shopping for life insurance. The result is that term life insurance costs have dropped by two-thirds in the last 15 years. In the past few years, life insurance has dropped by as much as 60 percent! That’s a great deal! So, if you bought a policy when you were 30 and now you’re 45, you can get a new life insurance policy at a much lower rate than 15 years ago. As long as your health hasn’t declined, you’ll still be able to get great deals. The only purpose for life insurance is replacement of income if you die. So, if you have a wife, a partner or kids, you need it. And, you want to buy 10 times your income. If no one is dependent on you, you don’t need to buy life insurance. Just remember to buy insurance from only top rated companies, which means they have gotten a A++ or an A+ on the ambest.com Web site.