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Term life insurance has the lowest premium for a young person.

Term life is temporary for 1-30 years of coverage.

The younger you are when you purchase life insurance, the lower your rates.

Since term life is the lowest cost life insurance, it would offer you the lowest premiums compared to the same amount of permanent life insurance.

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14y ago
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10y ago

An affordable life insurance rate for someone under 30 should include a shorter payment term and a smaller benefits package. Affordable life insurance rates for healthy adults under 30 years old can be as low as $10 to $15 per month.

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Q: What type of life insurance has the lowest premium for a young person?
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