Not sure what type of insurance you need? No problem!
Affordable, forward-thinking coverage to protect your future—starting early pays off.
If you're in your 20's or 30's, it is hard to think about things like life insurance. However, this is precisely the time when you need to think about it. Insurance is cheaper, and easier to get when you are young and healthy. No time? Our FREE Guide explains how life insurance will benefit you and your family in a simple, and easy to understand way. This saves your time, and gives you a good idea of what your options are before you talk to an agent or broker.
Purchasing life insurance at a young age often secures significantly lower premium rates than if you wait until you're older or your health declines. This can result in substantial savings over the life of the policy.
By obtaining coverage early, you ensure that you’re insured regardless of any future health changes. Many term policies offer conversion options, allowing you to switch to a permanent policy later without additional medical exams.
Life insurance provides a safety net for your family or dependents, ensuring they won’t be burdened with financial hardships, such as debt or living expenses, in the event of your untimely passing.
If you opt for a permanent policy like whole life or universal life, the policy not only provides lifelong coverage but also accumulates cash value over time. This can serve as a savings component or be used for emergencies.
Term life insurance is best suited for you if you have time-limited financial obligations and want substantial coverage at a lower cost. It’s straightforward, cost-effective, and provides peace of mind during the years you have significant responsibilities—like raising children, paying off a mortgage, or expanding a business. Term Life Insurance gives you the best bang for your buck if you buy it when your young and healthy.
Group life insurance is best suited for employees who want easy enrollment, low or no underwriting requirements, and affordable premiums often subsidized by their employer. It can be especially beneficial for those with health issues or tight budgets. However, coverage limits and lack of portability mean many individuals use group life insurance as a supplement to a separate individual policy—ensuring they have adequate, long-lasting protection regardless of job changes.
Term life insurance is best suited for you if you have time-limited financial obligations and want substantial coverage at a lower cost. It’s straightforward, cost-effective, and provides peace of mind during the years you have significant responsibilities—like raising children, paying off a mortgage, or expanding a business. If you are young and healthy, this is the cheapest insurance, and offers the most coverage.
Mortgage life insurance is best suited for homeowners who want a straightforward, dedicated policy that pays off their mortgage if they die before the loan is fully paid. It’s particularly useful for those with health issues, older individuals who have trouble qualifying for standard life insurance, or families with a single breadwinner. However, it can be less flexible and is often more expensive than a standard term life policy, so it’s essential to shop around.
For most people under 30, term life offers the best cost-to-coverage ratio, especially if you have financial obligations or dependents. If your budget allows and you like the idea of lifetime coverage or cash value, you might explore universal life—just be mindful of the higher cost and the opportunity cost of missing out on other investments.
Convertible term life insurance is best suited for people who want affordable, temporary coverage now but foresee a possible need for permanent protection in the future. It’s especially advantageous for young adults, new families, business owners, or anyone concerned about preserving their insurability despite potential health changes.
If you're still unsure if one of these types of life insurance is right for you, don't worry. Go to our FREE Insurance Screening Tool. It will ask you a series of questions. Then, based upon your answers it will make personalized recommendations based on your financial situation and goals. Please note that this tool is completely FREE and anonymous, and does not require a phone number, email address or name to get the results.
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