Do most people have life insurance or view it as a necessity? What is a good age to get it?

The first question is rather personal.

Life insurance, or insurance in general, is all about transfering financial risks in the event you die, fall very sick or become disabled. If you are able to and are comfortable enough to stomach and retain the risks associated with these events happening to you which could potentially impact your lifestyle and those around you, then you probably wouldn't see it as a necessity.

Simply put, it is merely a contractual agreement between you and the third party to pay you if certain events occur. (Death, disability, critical illness, hospitalisation, accidents)

Generally, the younger and healthier you are, the cheaper the premiums. There isn't really a good age to get it. It just gets increasingly more expensive as you get older.

Life Insurances are not a good investment product.

They carry a potential complete default risk (bancruptcy of the parent company)

as well the risk of lower than expected yields in times of crises or economic

downturns, possible by company leadership voting to a lowering.​​​