It certainly would be cheaper now at age 27 than much later, but you will also end up paying premia for that much longer. As a general rule, the younger you are, the more cover you can get without undergoing any medical testing (subject to a clean bill of health at time of proposal). I agree that if you have no mortgage or dependants, there seems little need for life cover, unless you want to provide for someone else? Serious illness cover is expensive, and is for SERIOUS illnesses, so claims may be difficult. IMHO whole of life policies are very generous commission earners for the seller, so be careful who is giving you this advice and what their motivation is.