When it comes to life insurance, pure protection term policies are the best choice. They provide appropriate security at a very minimal cost. Consider this: a term plan covering a 30-year-old nonsmoking lady until the age of 60 will cost her about $1,000 per month. This is less expensive than a supper excursion for two. When purchased even earlier, at the age of 26, the premium is reduced by 20%. However, reduced rates should not be used as an excuse to get insurance early. When you need insurance and how much you need depends on your current financial status, and there may be times when you don't need any at all. Mint provides three reasons why you should not get term insurance.