Life is full of hopes and possibilities when youre young, single and have just got a taste of financial independence. Life is suddenly looking good and exciting, right? We know, Life Insurance might be the last thing on your mind right now. But if you truly wish to achieve your lifes financial goals without any financial stress, now is the right time to invest in life insurance plans. By investing in life insurance when you are young, you not only have a protection plan for your dependents at a reasonable premium amount , you can also start building a prosperous long term future as your savings also benefit from the power of compounding.