Life insurance isn’t something most young people think about. After all, when you’re in your 20s or 30s, retirement feels far away, and life insurance seems like something only parents or homeowners need. But waiting too long to get coverage can be a costly mistake.
Here’s what every young adult should know about life insurance—before it’s too late.
The best time to buy life insurance is before you need it. The younger and healthier you are, the lower your premiums will be. Waiting until later—when health issues may arise—means you’ll pay significantly more or even risk being denied coverage.
Many assume life insurance is only for people with kids. But think about this:
Even if you don’t have dependents now, locking in a low rate while you're young ensures future security for when your financial responsibilities grow.
If you’re looking for coverage that fits your budget, term life insurance is an excellent choice. It provides protection for a set period (e.g., 20 or 30 years) and is far more affordable than permanent policies.
For example, a healthy 25-year-old can get a $500,000 term life policy for less than the cost of a streaming subscription per month.
Even if you don’t have a family yet, planning ahead is key. Getting coverage now means you won’t have to worry about higher costs down the road when you buy a home, get married, or have kids.
Many young professionals rely on their workplace life insurance. But here’s the problem:
A personal life insurance policy ensures you stay covered no matter where your career takes you.
Life insurance isn’t just for later in life—it’s a tool for financial security at any stage. Getting coverage while you’re young and healthy means:
âś… Lower rates locked in for life
âś… Peace of mind for your loved ones
âś… Financial flexibility as you grow
Don’t wait until it’s too late. Start planning today.