A mortgage into their 60s. If a spouse dies, having life insurance helps him to pay that off. I wouldn't want my wife to be in a position of having to pay off a mortgage over years if I were to die young and she had to go back to the workforce. With the percentage of people who are actually saving enough for retirement being so low then lie insurance is in my mind something almost everybody should have into their 60s.

My dad died 2 years ago in his sixties, with no debt and a good nest egg. (7 figures). He still had a $900,000 life insurance policy that was a nice bonus for my mom to be able to put into an account on top of the money that they had saved and the properties they own. That cost on that $900,000 policy was pretty minimal compared it to the payout when he passed away. Now she didn't need the money, but it gave her a nice chunk to help her feel even more comfortable that she was fine for what may be another three decades....