What Type Of Life Insurance Is Best For Young People? 
I believe a well-balanced , personalized portfolio is the best for young people . Young people should think about purchasing term insurance due to the fact you can get a lot more for lower premiums . They should also consider whole-life life insurance . Young people should also consider such products as : annuities , long-term care insurance and disability insurance etc. . Term insurance is a good product to cover expenses in case something happens to the young person before the whole-life life insurance has a chance to mature . How many times have young people been killed in car accidents or diagnosed with some form of a terminal illness ? Then the family has to put little jugs and jars around in businesses asking for donations to cover the final expenses and other debts . That is not a time for embarrassing situations like that . That is a time for mourning and for family gathering together . Whole-life life insurance is a great product due to the fact the premiums do not change over the life of the insured . These products , if set up correctly and under current tax laws , allow the insured to pass on a legacy to his heirs tax-free . Annuities are great products for young people to start so they can plan for retirement . When you are ready to retire it is to late to start planning . Long-term care insurance is great in case you need some form of assisted living at any stage of your life . Disability insurance is great in case you get hurt and can not work but you need money for shelter , food and other bills . I am not suggesting you purchase all of these products at one time . I do recommend you meet with a licensed insurance professional and get a good foundation built . Then add to your portfolio over time . Keep in mind these products are generally less expensive when you are young . It is kind of like building a house . You do not want to start with the roof and work down . You should really start with purchasing the land , looking at blueprints , checking out contractors and pulling permits etc. . Then you form the foundation and build upwards towards the roof . To your prosperity . 