Most people who are in their 20s know they will eventually need life insurance. However, they don't realize the benefit of getting it while they are young. There are two reasons to buy life insurance at 25 years old. 

  1. Everyone has some risk of death at any age. 
  2. Life insurance premiums are less expensive when you are young. 

If you are in your 20s, you may still have a bit of that feeling of invincibility that is inherent in youth.  And it is true. The average life expectancy for a U.S. male is 76, and for a U.S. female it is 81. Unfortunately, there are many people who die before their time because of illness and accidents. You cannot predict your time to go.

As such, it is good to cover your loved ones who could be responsible for your death and funeral expenses. If you have started a family, it is wise to set them up with a continued source of income. Your spouse won't have to worry about losing the house once you're gone if you've purchased the right life insurance policy

Furthermore, life insurance is less expensive when you are young because your risk is lower. We all have an end date, but for most people, it is half a century away from 25 years old. 

Finding the Best Cheap Life Insurance Provider for 25 Years Old Males and Females

If there is one thing people wish about their life insurance policy, it is that they purchased it when they were younger. Rates increase with age because risk increases with age. That is why age is the biggest factor in determining your insurance rate. 

Finding the best life insurance provider at a young age means finding one that considers age as a primary factor. This is because being 25 years old presents a very low risk of death for many years to come. 

Secondly, gender is a big rating factor for most insurance companies. Men are considered at higher risk than women for multiple reasons: 

  • More likely to have a more dangerous occupation
  • More likely to engage in risky behavior
  • Lower life expectancy

Many people consider gender to be a discriminatory rating policy, but it exists all the same. 

In order to find cheap life insurance at the age of 25, you must understand how they rate their policies. This is why it helps to shop around. You'll find that each company asks different questions on their applications. And they each offer different rates based on their risk analysis.

Other factors that might be used in your rating include: 

  • Body mass index
  • Medical history
  • Family medical history
  • Alcohol, drug, and tobacco use
  • Extreme or risky hobbies
  • Other lifestyle factors

6 Insurance Providers that Offer the Best Cheap Life Insurance for 25-Year-Olds Males and Females

Sproutt

Sproutt
  • Policies: Term life, whole life, universal life, and variable universal life insurance 
  • Benefits and coverage: As high as $5 million for females and males, age limit is dependent on the insurer 
  • Price: An individual with average health can expect:
Coverage Cost
$250,000 Average Life Insurance Cost for a 25-yr-old is $15/month for female 20-year-term
$250,000 Average Life Insurance Cost for a 25-yr-old is $18/month for males 20-year-term
  • Comments: Many young people like Sproutt because it is an independent insurance broker, which means they give objective numbers and comparisons from which you can choose. They have an easy online program, and it is common to not need a medical exam. 

SelectQuote

SelectQuote
  • Policies: Term life insurance 
  • Benefits and coverage: As high as $5 million for females and males, age limit is dependent on the insurer
  • Price: An agent will help you decide what is right for your situation. Rates will vary based on risk and policy limits, but the average cost of a Life Insurance Policy for a 25 yr old is $11.59/month for a Female and $13.61/month a Male
  • Comments: SelectQuote prides itself on having knowledgeable agents, quality coverage, and prices that will suit your budget. 

Ladder

Ladder
  • Policies: Term life insurance only
  • Benefits and coverage: As high as $8 million for women and men up to 60 years old
  • Price: A 25-yr-old female can expect an average of $34.46 per month and $39.09 a male for a 10-year term life insurance policy of $1.5 million
  • Comments: This insurance company has been given the title of “Best Life Insurance of 2021” by Forbes Advisor. The company only provides term life insurance, but this makes it easy to choose and fully understand what you are getting as a customer. The process is simple, and it is fully digital. Medical exams are not required, and you can decrease, or "ladder," your coverage at any time. 

Bestow

Bestow
  • Policies: Term life insurance
  • Benefits and coverage: As high as $1.5 million for females and males up to 60 years of age
  • Price: For 25-yr-old females the average cost is $9 per month and $21 per month for males for a 10-year term life insurance policy of $500,000
  • Comments: If you want quick insurance as fast as possible, Bestow might be the company for you. They don't require medical exams, and they sell policies quickly to make sure you get the coverage you want without the hassle of complicated processes. Everything is online with Bestow, which makes it a popular choice for young people. 

Ethos

Ethos
  • Policies: Term life and whole life insurance
  • Benefits and coverage: As high as $2 million for females and males up to 85 years of age
  • Price: The Life Insurance premiums are between $28-$55 for 25 yr old Females and $40-$70 for Males for a 20-year-term $1 million coverage
  • Comments: Quick and convenient. This company doesn't offer many choices in policies, but it does offer an accelerated death benefit rider. Many applicants are not required to submit a health exam.  

Haven Life

Haven Life
  • Policies: Term life insurance only
  • Benefits and coverage: As high as $3 million for females and males up to age 60
  • Price: Average Life Insurance monthly premium for a 25 yr old Female is $33 and $43 a Male for a 20-year-term $1 million coverage.
  • Comments: If you want a simple term life policy without the hassle of a medical exam, you might choose Haven Life. They have a Haven Simple term life insurance policies for those who don't qualify for their regular Haven Term, which means they are eager to provide coverage for their clients. Their parent company is Mass Mutual, which is a major life insurance issuer. This backing brings some assurance that the policy promises will be met. Haven term life insurance policies are not convertible to whole life policies because they don't offer whole life, which might be a big drawback. Otherwise, the company is user-friendly and affordable. 

Shopping for Life Insurance at 25 Years Old: Risk Reduction vs. Investment

If you are 25 years old, have a family, and are the primary earner in the household, it is easy to see how important life insurance is. However, there are many possibilities. 

A term life policy at a young age will get you VERY affordable life insurance. But when the term expires, you won't have any investment to recoup. This is why it is important to make sure your term life policy can be extended, or that you are okay with your policy expiring with no funds available afterward. After all, you did have coverage during the time. In this way, term life insurance is similar to most auto insurance policies. 

On the other hand, whole life insurance will accrue cash value over time. Depending on the type of life insurance policy you hold, some of the cash value may be housed in investment accounts and earn additional interest. These whole and universal life insurance policies can get complicated. But the point is, they are an investment. 

Many insurance product lines now use artificial intelligence to help direct you toward the best insurance information for your needs and budget. If you aren't looking at multiple providers and policies, then you can be sure that you are not wasting money. 

Get Help Shopping for Your Insurance Policy, and Make Sure You Have the Best for 25-Year-Olds

If you'd like to compare the best cheap life insurance providers for 25 years old males and females, click below to compare different insurance rates by different insurance providers. There are varying rates for each company depending on a variety of risk factors. You have the potential to get a very good deal if you purchase when you are only 25 years old. 

Life insurance is a responsible life decision. But many people set it aside as a task meant for another time. In reality, the sooner you get your life insurance, the more money you will save. You will have better coverage as well, which means your loved ones will not be financially burdened by your untimely death. 

Furthermore, if you are in your 20s, chances are that you have a long life to live. This is where the opportunity for investment comes in life insurance. Sometimes, the decreased cost of a term life policy makes it worth every penny because your remaining money might be better invested elsewhere. At other times, it is wise to make sure your term can be extended, or you can convert your term life policy to a whole life policy when the time is right. 

If you are 25 years old, it is not too early to look at life insurance. Hopefully, you don't have to use it until you're well past the average life expectancy. But either way, you'll be covered. 

Cheap Life Insurance Quotes by Age

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