Life Insurance Quotes

Young, healthy individuals may want to consider life insurance coverage

09/21/11

Recent studies of young, healthy individuals indicate that they are purchasing less life insurance now than in decades past, but some experts say they are in a prime position to buy policy.

According to a LIMRA study, only 13 percent of this young and able bodied demographic had life insurance coverage in 2010 as compared to 30 percent in 1998. While the downturn in the economy has played a part in this reduced participation, the dramatic decline indicates a shift in values as well.

Some insurance experts say that young, healthy people are prime candidates for a life insurance policy because risk is so low.

"Your insurability is substantially higher when you're younger and healthier, so you can often secure the best rates on life insurance during this part of your life," said Gary Lardy, CEO of IntelliQuote.com and a respected insurance expert. "More importantly, this is also the perfect time to anticipate your future needs for life insurance.

Lardy goes on to note that young people who plan on marrying and having children - events that often initiate the purchase of a life insurance policy - can lock in affordable rates by subscribing at a younger age.

According to LIMRA, fewer than one in three Americans had an individual life insurance policy in 2010, the lowest number in 50 years. 

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

Sm

A few of the carriers we quote