What Do College Students Need To Know About Life Insurance? 
That is a good question ! Typically college students are under age 30 and therefore are in the best class as far as insurance premiums go . When a person is young and healthy is the very best time to implement a Whole Life , Cash Value insurance policy . So really the first thing a college student needs to know about life insurance is that while Term insurance is really cheap , it has no cash value to the policy holder ever , unless it has a accelerated benefit rider . In that case it will pay a percentage of the death benefit to the policy holder in the case of critical or chronic illness where the client can not perform at least 2 of the essential daily living tasks . Otherwise the only benefit to anyone other than the insurance provider is in the case where the death benefit is paid to the beneficiary . Also regarding Term insurance , as the name implies , it will end at the completion of the term , ie : 10 years ; 20 years ; 30 years . And then it will be much more expensive to buy another term . Whole Life is more costly in premium than Term , but still much less when you are young and healthy . There are a variety of kinds of Whole Life policies , but with `` Straight Whole Life '' premiums are guaranteed not to increase over the life of the policy , so in actuality it is more affordable than Term over the long haul . And the premiums you pay into Whole Life build cash value that you can use without ever paying taxes on ! Contact me for more information . 