Is it important, something you definitely need or is just some profit for the insurance company like the banks?
Do I place my life into the hands of banks if I apply for life insurance?
What do I gain by applying for it?
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If you are young, get it
If you have any debt AND someone you want to leave $ or property to, get it
If you have a family, get it
If its offered through work, get it
As a rule of thumb, companies with higher S&P and Moody's ratings are a lot more solvent, and hence better to go with. Dont chase the lowest rate if its only a few dollars, not worth it in the end.
Term is probably the best bang for ur buck, whole/universal life r kinda bad investments, variable can be good but its also kinda expensive