Should Take Out Life Insurance as a Young Adult

Life insurance for young adults is not something most people think about, but getting cover early can save you money and give you long term financial security. It is one of the simplest ways to protect your future before life gets more complicated.

At Turtle Mortgages, we talk to hundreds of people every year who tell us they wish they had looked into life insurance earlier. Here is why starting young puts you in a much stronger position.

You get the lowest prices you will ever see

Life insurance is based heavily on your age and your health. When you are young, you are usually at your lowest risk, which means your premiums are at their lowest too. Getting a policy early locks that price in for the full term, which can save you a huge amount over the years.

It is not unusual for someone in their mid twenties to pay far less than someone in their mid thirties for the same level of cover. You are simply taking advantage of the window while it is open.

You build protection before life gets busy

Even if you do not have a mortgage, children or major commitments yet, they are likely to come later. Putting life insurance in place now means you are protected before the pressure builds, so you do not have to rush decisions when life becomes more complicated.

Most people insure their phone on the day they get it. They cover their car before they drive it. Life insurance follows the same idea. You protect the future you are building, not the one you have already reached.

It stops financial pressure falling on the people you care about

You may not think anyone relies on you financially, but if something ever happened, your loved ones would still have to manage the practical reality. Without life insurance, they may end up covering:

• bills or rent in your name
• any personal debts
• funeral costs
• travel or time off work

A life insurance payout removes that stress completely. Your family can focus on what matters rather than trying to find money during a difficult time.

You can add cover that protects your income too

Life insurance is not only about what happens when you pass away. You can add protection that helps you while you are still very much alive. This includes:

• income protection
• critical illness cover
• family income benefit

Many young adults do not have long term sick pay or big savings to fall back on. One accident or illness can disrupt your entire life. Adding extra cover gives you real stability if you ever need time away from work.

The cost is far lower than most people expect

A lot of young adults assume life insurance is expensive, but the reality is usually the complete opposite. Policies can cost less than a weekly takeaway, and once you secure that low price, it stays with you.

The longer you wait, the more the cost climbs. Starting early is one of the easiest financial wins you can get.

Final thoughts

Taking out life insurance as a young adult is not about expecting the worst. It is about building strong foundations so you can move through life with confidence. You secure a low price, protect the people you care about and put long term security in place long before you need it.

If you want help finding a policy that fits your plans and your budget, we are always here to walk you through it in simple, clear steps.