Insurance - don't fall asleep! I'm going to help you figure out the right kind of policy for you. So, generally speaking, if you and your family don't have a history of chronic conditions or long-term care needs, you might want to consider term insurance over permanent insurance. With term insurance, it's really efficient because it covers you for a limited period of time during your income earning years and those "need" years, when you need to pay a mortgage and maybe a tuition bill or two. But once you're 60 or 70 years old and you're past all of that - and you've hopefully been saving for retirement all along- it's arguable there's no longer a need for the insurance anymore. Plus, with term, because it covers you for a shorter period of time in your younger, healthier years, it's a lot less expensive.
Pro-tip: Make sure you pay those premiums not monthly, but annually, to save more money.
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