Life Insurance should be your first priority, it should be a part of your portfolio to reduce the risk of your entire portfolio return. Every Portfolio has risky items like Real Estate, Mutual Funds, Stocks, etc. So Life Insurance products reduce the risk of your portfolio and help to balance it out.
Life Insurance Should also be done according to your Life Value. Its HUMAN LIFE VALUE is the concept that gives your life value. Which includes your Monthly income and your age,
The vehicle has its value and it depreciates every year so according to the value we take the insurance. But in Humans Life nobody tells us our value and how to take adequate life insurance.