The best type of life insurance for someone in their twenties or thirties will depend on your specific situation and life insurance needs.
Whether you're starting your career, buying your first home, getting married, starting a family, or paying off a college loan, there are many different reasons a young adult may look to life insurance to provide financial security for the future.
Two of the most common types of life insurance purchased by young adults include permanent life insurance and term life insurance.
Whereas permanent insurance offers guaranteed lifetime protection and builds cash value inside the policy, a term life insurance plan offers you the maximum amount of life insurance protection with coverage options of 10, 15, 20, 25 or 30 years.
So, if your needs are for financials security for a duration of 30 years or less, a term life policy may be a good option to consider.
Learn more about life insurance for young adults.