Can I Skip Buying Life Insurance Once My Children Are Independent? Share The need to have a life insurance doesn’t actually end when your children grow up, as many may suggest. Keeping life insurance (either term insurance or whole life policy) is a good idea. Read more. Frequently Asked Questions - Life Insurance FAQsCan I still get life insurance if I have diabetes?Does COVID-19 affect the life insurance eligibility?How does diabetes affect life insurance premiums?How can I buy a Life Insurance?How do I select my life insurance type of policy?How much does it cost life insurance for a diabetic?How to qualify for life insurance?