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Which Is Better for 30-Somethings: Term or Whole Life Insurance?

Life insurance is not one-size-fits-all. There are different types of life insurance products available and most of them are easily customizable to fit your particular situation and budget. So what’s the best life insurance option for you?

You’re 30 and Looking for Life Insurance?

Turning 30 years old is a milestone. You can no longer say I’m in my twenties, which is a big deal. I turned 30 last year and I loathed the fact that I was no longer in my twenties.

Also, even though I’ve always been a fiscally responsible person, I panicked wondering if I was supposed to be doing more. I’m 30 now. I should have my life completely together.

My sister is two years younger than I am. She’s married and has a baby boy. I’m single with no kids—except my furkids. We may be on different paths, but we’re both where we should be. Turns out, the age you are doesn’t determine where you should be in life. As they say, age is just a number.

But if you’re 30-something and you’re here looking for life insurance, rest assured, you are already off to a great start.

Why Should I Buy Life Insurance in My 30s?

The younger you are, the more affordable your life insurance premiums will be. If you’re only 30, statistically you’re far from dying and health issues haven’t had too much time to creep in yet.

Estimated Monthly Cost of a $250,000 30-Year Term Life Insurance Policy for Healthy 30-SomethingsAgeMaleFemale30$19.78$16.7831$20.21$17.2432$20.64$17.7233$21.28$18.1934$21.85$18.7435$22.30$19.2836$23.56$20.2437$24.94$21.2038$26.57$22.3439$28.29$23.56

Life insurance is to protect those you leave behind. At all ages, we have people we care about and those who would be affected if we died—especially if the death is unexpected. While life insurance can’t help people heal emotionally, it can assist with the financial struggle your death may bring.

» Compare: Term life insurance quotes

Leading Causes of Death in Young Adults

You may feel great in your 30s, but you aren’t invincible. Life insurance is to protect against the what-ifs in life.

Obviously, if we all knew when we were going to die we’d buy a life insurance policy the day prior. Unfortunately, we don’t have this option

And although death is likely far off for you, you never know what tomorrow will bring.

According to the

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