Life insurance for young adults, to buy or not to buy?

… the answer is always: To buy!

When you’re a young adult with no dependents, insurance is the last thing on your mind. It may seem like no one is depending on you financially, so do you really need to consider purchasing a life insurance?

The truth is, life insurance, even at a young age is always a good idea. In fact, the younger you are, the cheaper it is! Premiums are driven by your age and health, so life insurance is never going to be more affordable than it is when you’re young and healthy.  Purchasing it now means capitalising on those lower rates and essentially guaranteeing your future insurability.

Circumstances are always changing: even if you have no one depending on you now does not mean you will not have anyone depending on you in future. Planning early can be smart in the long run. Look back five years and see how much your life has changed. Imagine what will change in the next five to 10 years. Planning for the future now can help you avoid the need for another policy if your needs change (which could mean higher premiums due to age or health at that time).

Being young is no excuse not to have an insurance policy; You take life insurance out for yourself and for your loved ones. You take it out to do the responsible thing for later in life.

Do not wait, it will never be cheaper than now. Call us on 429 5000 or send an email to and an officer will be more than happy to provide you with a quote, and more information should you require it.

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