What Is The Best Life Insurance For A 25 Year Old?

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    David RacichPRO
    Fountain Hills, Arizona
    Life insurance cost depends upon the gender and heath condition of the twenty five year old. Term life insurance can bought very inexpensively. A 100,000 ten year term life insurance cost for a very healthy nonsmoker is $85 a year, the female counterpart $79 a year. Several life insurance companies are within that price range.
     
    Answered on May 25, 2013
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What is the best life insurance for a 25 year old?  It's going to depend on your situation. Are you married? do you have children? A mortgage? What are your obligations? If they are considerable and income is not, term insurance may provide a solution. However, if you are not debt strapped, now would be a great time to purchase some whole life insurance. Why? the price will never change but your situation will. You can lock in a fair amount of coverage at a great price. You'll own it, control it and when life changes (and it always does) you will have something in place and working for you, when others are just starting to think about it.
    Answered on May 25, 2013
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  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Most 25 year old's are not yet into their highest income earning years, so getting Term life insurance is a good choice if you are pinching pennies. On the other hand, if you are healthy, don't yet have a family. and have a good paying job, you could purchase an IUL policy that protects your initial investment but still has the potential to build up some income for your retirement years. There is no one right answer for every 25 year old, but an experienced professional can help you select a product best fits your health and financial profile.
    Answered on December 17, 2014
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