The most affordable life insurance is term life because it offers temporary protection lasting for a period of 30 years or less.
With term life you only pay for the life insurance protection, there is no investment feature, and the policy does not build cash value.
The cost of permanent life insurance which lasts your entire lifetime is usually 2-3 times higher compared to the cost of term life insurance.
And, with term life you may have the option to convert your policy into permanent insurance if your needs change later on.
Learn more about finding cheap life insurance for young adults.