- Life insurance isn't as intimidating as it sounds.
- Many experts recommend term life insurance over permanent life insurance for straightforward and affordable coverage. Typically, the younger and healthier you are, the lower your monthly rate.
- Four regular people who bought life insurance in their 20s say it was the right decision because it's affordable and gives them peace of mind.
- Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price »
Life insurance usually isn't top of mind for someone who hasn't made it to their 30th birthday yet.
But it pays off to be ahead of the curve if you're expecting to have a family to protect one day. Generally, the younger and healthier you are when you buy life insurance, the cheaper it will be, regardless of the amount of coverage.
In exchange for a monthly premium, a life insurance policy can replace income, help pay off debt, or provide a savings cushion for your partner or dependents if you die prematurely.
In a series of stories written for Business Insider, four average people explained why they decided to buy term life insurance in their 20s - and why they're still happy with the decision. Here's what they said:
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