If you have a large family with numerous dependents, or if your spouse counts on your income to live, then it may be in your best interest to invest in a life insurance policy. Life insurance protects your family from financial difficulties in the event that you pass away suddenly or after an illness. If you think that you need a substantial policy, then you will likely be asked to undergo an extensive medical examination.
When your finances get a little tight, it can be tempting to skimp on one or more of your insurance policies in order to save money. While it's true these policies are there "just in case" you have a problem, going without coverage can lead to disaster for your finances later on. There are some policies that should take priority, but there are others that you can put on hold or reduce your coverage in order to save money.