When you’re in your 20s, life insurance probably isn’t at the top of your to-do list. You’re busy building your career, travelling, or maybe even saving for a house. But here’s the thing — getting life insurance before you hit 30 could be one of the smartest financial moves you make. It’s cheaper and easier. Here’s why.
1. It’s Cheaper When You’re Young and Healthy
Life insurance premiums are based on your age and health. The younger and healthier you are, the lower the cost. A 25-year-old non-smoker could lock in a policy for as little as £5-£10 a month, but wait until your late 30s or 40s, and that price could double or even triple.
Even if you feel fit and healthy now, things can change. If you develop a health condition later, you could end up paying way more — or worse, struggle to get cover at all. Sorting it now means securing a low rate for years to come.
2. You’re Not as Invincible as You Think
Let’s be honest — when you’re young, you don’t really think about things like getting seriously ill or passing away unexpectedly. But accidents, illnesses, and the unexpected can happen to anyone.
If you have a partner, children, or even just family members who rely on you financially, life insurance ensures they’re taken care of if something happens to you. Even if you don’t have dependents yet, having cover in place now means you won’t have to worry about it later when life gets more complicated.
3. It Can Help Pay Off Debts (So Your Family Doesn’t Have to)
Think you don’t need life insurance because you don’t have a mortgage yet? Think again.
If you have student loans, car finance, credit cards, or a personal loan, that debt doesn’t just disappear if you pass away. Depending on the type of debt, your family could be left dealing with unpaid bills. Life insurance can help cover these costs, ensuring your loved ones aren’t left with financial stress on top of emotional grief. Mortgage life insurance can help pay off your loan, meaning your family won’t have to sell up or struggle to make repayments.
4. It’s Not Just for Married People or Parents
A lot of people think life insurance is only for those with kids or a spouse, but that’s not true. If you have anyone who relies on you financially, even partially, it’s worth considering.
Maybe you share a mortgage with a sibling, financially support a parent, or just want to leave something behind for a loved one. Life insurance gives you peace of mind that if the worst happens, those closest to you won’t be left struggling.
Plus, if you do plan on settling down in the future, having life insurance already in place means one less thing to worry about when your responsibilities grow.
5. You Might Not Need a Medical Exam (if You Act Now)
One of the biggest perks of getting life insurance early is that you might not need a medical exam. Many insurers offer quick and easy applications for young, healthy applicants —sometimes just a few simple health questions.
But as you get older, insurers often require more detailed medical checks. If you develop a condition like high blood pressure or diabetes, it could mean higher premiums or exclusions on your policy. Getting covered while you’re young and healthy makes the process much simpler.
Future-you Will Thank You for Sorting It Now
Sorting life insurance before 30 might not feel urgent, but it’s one of those smart financial decisions that can save you money and stress down the line. The earlier you get it, the cheaper and easier it is — plus, you’ll have peace of mind knowing you’re covered, no matter what life throws your way.
