How Much Does Life Insurance Cost For 24 Year Old? 
How much does life insurance cost for a 24 year old ? Well with all types of insurance , provided you are a healthy individual , the price is pretty low . While Term is cheap at this age , so is permanent coverage and a young person should consider the real advantage of locking in their coverage while it is low cost and has the most time to work in their favor . I am so glad as a 53 year old who at 24 was a very atheletic , fit individual who contracted diabetes at 40 and had a bout with A FIB -LRB- heart problem -RRB- at 53 that I locked up my life insurance in my 20 's , when my good health allowed me to purchase it for cheap money . My rates are locked in , I own the policy , they ca n't take it away , they ca n't make me requalify , the policy does n't `` end '' before I do . This is n't even taking intoaccount all the other benefits a permanent policy provides , but the factit 's `` mine '' I `` own '' it , I do n't rent it . 