Even if you're young and single with no dependents, you may need some life insurance. Here's how to figure out what and how much you may need.

Term life insurance pays your beneficiaries a death benefit if you die during the policy’s specified term. The death benefit can range significantly in size from policy to policy, but it’s possible to buy coverage worth millions of dollars.

Ladder Life insurance promotes its low premiums with an easy online signup process and no medical exam for policies up to $3 million. These claims are accurate. However, if you have any medical conditions or you’re overweight — like me — you may not be able to get coverage through Ladder.