Is Life Insurance Cheaper To Buy When You Are Younger? 
That is an excellent question ! Absolutely it is cheaper to buy young ! I purchased policies for my kids when they were in preschool . Their monthly payments will never be more than the approximately $ 7 a month that they were when I purchased them . An added bonus in buying for your minor child ? Many companies offer the opportunity to add additional amounts of insurance without having any health questions . This can be a huge blessing , especially if your child has developed some illness that would otherwise deny them , or make the coverage prohibitively expensive . The other benefit of buying young is for the growth of the cash value . A policy purchased and left to grow for a couple of decades can have a sizable cash value , when you hit retirement age , and may need access to some extra money . By all means , buy young ! Thanks for asking ! 