The age of a person isn't as important as their financial situation. It's assumed that younger people don't "need" as much life insurance or maybe none at all because they may not yet have a family and their income isn't as large.
A good question to ask a 20 year old is whether they think they will have a family down the road. It might make sense to get a life insurance program started with low cost term insurance that can be built on later.
Life insurance for a 20 year old will be very inexpensive. How much exactly will depend on what type and what company. An independent life insurance broker, who represents several companies will be able to help you find the right policy at the right price.
Since there are to many variable to give you a quote out of the blue, to get a point of reference you could check with a online quoting service.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
President, Lane Independent Agency, Southern California
Get it now. It will only go up. It can be very inexpensive, but more importantly, it will only get higher in price as you get older. Protect yourself from becoming uninsurable if you develop any illness like diabetes. The rates on permanent insurance will be guaranteed never to go up. And think of the equity you will build up from which you can later borrow. Thank you. GARY LANE.
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A good question to ask a 20 year old is whether they think they will have a family down the road. It might make sense to get a life insurance program started with low cost term insurance that can be built on later.
Since there are to many variable to give you a quote out of the blue, to get a point of reference you could check with a online quoting service.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.