There are basically two kinds of life insurance ... Term and Permanent.
TERM INSURANCE - is like renting an apartment. Most people have rented at some point in their lives. You pay your rent but will never own the apartment. Depending on your situation, this can be the best option. And generally speaking, you can convert some or all of your term insurance to permanent insurance at a later date.
BUT WHY RENT IF YOU CAN OWN?
PERMANENT INSURANCE - is like owning a home. It's not just about meeting an immediate need but also about making a decision to invest for your future. It may be more expensive than renting but you build equity with every payment you make. Plus, if you put money into the house through upgrades and renovations, your can increase the value further.