Actually its good to buy when you are young assuming you are 19
now. Assuming a $100 premium per month for the next 30 years. You
would be covered for around 50,000 (I think). At the end of 30
years, when you are 50 years old, you can let it mature can cash
out and get an estimated sum of ard 60k (factoring in inflation)
for forking out abt 36k. Might not be a lot, but 60k at 50 is well
quite useful, you can use it for a lot of stuff, holidays etc.
Unless you are able to predict that you will have more than
that.
Besides if you use the money for the premiums, you wont have much
money for beer and cigarettes.
Think about it 
Nowadays you see so many aged people
around with no savings etc, collecting cans (not that I am looking
down on them)
p.s no I am not an insurance agent
