Does A 24 Year Old Need Life Insurance? 
If a 24 year old person has college debts , a spouse , children , home , or other financial obligations , then life insurance can be a good way to take care of those . Older people often have more resources saved up , while life insurance may be the only way a younger person can take care of financial obligations . Life insurance is usually very low cost at that age , and you can lock in rates for 30 years or more . So getting life insurance at age 24 is a good for that reason , as well . 