Comment Re:Did someone really study this? (Score 1) 94
Exactly,
Early in career when you have a moderate or high income (if lucky) you don't have assets to fall back to if you lose the ability to work. It is not only about your family left behind, it could be yourself left in a wheelchair or coma.
However mid-career you either have those assets, or your company already provides a cheaper life insurance option (or sometimes even free) for 2x you salary for 10 years, or similar terms.
Then you don't need that personal life insurance anymore.
It is simple.