I’m a 26 year old student with a fairly new baby at home. I currently do not have a mortgage or credit cards, and I do not have any debts. My income is $40k per year, and my outgoings are around $10k. I have my life insurance in my name and my husband has it in his. My $30k per year salary, with no other liabilities, would be completely covered by the life insurance. Is it time to consider buying life insurance now, or am I being a bit foolish by not looking into it already?