As a young adult, it might be a good idea to start thinking about whether you need life insurance now. If you don’t have a family, mortgage, debts or dependents then it might not be something you need. However if you do then it’s something you may want to consider to ensure your loved ones are taken care of if the worst should happen to you.
Fortunately, whatever you take out life insurance for, as a young person your premium could be lower than if you took it our later in life because you’re more likely to be healthier and a lower risk to insurers at the time of setting up your policy. It’s something you should think about sooner rather than later.
But you could need life insurance at any age – so what are your options?