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This depends more on your individual circumstances and your personality than on any hard-and-fast rules. There are good arguments on both sides of the issue.

The argument for buying life insurance later
Instead of buying life insurance now, you might decide to put off life insurance purchase until later, perhaps when you have a family and more responsibilities. For the time being, you may want to put that money into other types of investments that have the potential to provide greater returns than life insurance.

In order to fully reap the benefits of this strategy, you must have the financial discipline to invest your premium savings on a regular basis. Or, instead of depending on your own ability to faithfully invest each month, arrange for funds to be automatically transferred from your bank to the investment account of your choice.

Keep in mind, however, that while this strategy provides the potential for investment returns, these returns are not guaranteed. In addition, it would be unwise to delay purchasing any life insurance if you have children or other dependents who would suffer financially as a result of your premature death.