How Much Does Life Insurance Cost For 24 Year Old? 
The cost depends on how much you need and for how long you need it . Term life insurance can cover a temporary need and is very affordable . For example , if you need coverage for 20 years , and are in excellent health , it may be possible to obtain $ 500,000 coverage or more for a level premium for that duration that amounts to a little more than a dollar per day . Term life insurance is likely to expire before you do . So , for lifetime coverage that you can not outlive , either now or later , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . The tax deferred cash value may be a sensible way for you to build long term savings . You should meet with a life insurance professional who can assist you . 