Should I get life insurance in my 20s

The main benefit of buying life insurance in your 20s is having access to cheaper premiums and a higher chance at coverage approval. Additional benefits of buying life insurance in your 20s include: Higher cash value earnings that can be used to pay debts, unexpected expenses, or as a down payment for a mortgage loan.

What age is best to get life insurance?

As we age, we're at increased risk of developing underlying health conditions, which can result in higher mortality rates and higher life insurance rates. You'll typically pay less for term life insurance at age 20 than if you wait until age 40. Waiting until age 60 usually means an even bigger increase in price.

What types of insurance do I need in my 20s?

while there's no minimum age for life insurance, a life insurance policy may be most useful to adults with financial and familial responsibilities. If you'd like to learn more about your options, speak with a licensed insurance agent today at 1-855-303-4640.