Do You Really Need Life Insurance in Your 30s?
Do You Really Need Life Insurance in Your 30s? If you're in your 30s, chances are you're juggling careers, maybe marriage, kids — and possibly a mortgage. Life insurance might seem like something for “later,” but waiting could cost you more than you think. 💡 Why It’s the Right Time You’re likely healthier , which means lower premiums . You may have new financial dependents (spouse, children). You’re building assets — and liabilities. Locking in a low rate now means big savings in the future. 💼 What Type Should You Consider? Type Best For Typical Duration Cash Value? Term Life Budget-conscious individuals 10–30 years ❌ No Whole Life Long-term legacy planning Lifetime ✅ Yes Most 30-somethings start with Term Life for affordability and simplicity. 🧾 Real Cost Example Age Term Policy (20 years) Monthly Premium 30 $500,000 ~$21/month 35 $500,000 ~$29/month 40 $500,000 ~$41/month...