{"id":6549,"date":"2022-05-16T06:42:00","date_gmt":"2022-05-16T06:42:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=6549"},"modified":"2025-08-24T14:42:06","modified_gmt":"2025-08-24T14:42:06","slug":"best-age-to-buy-life-insurance","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/life-insurance\/best-age-to-buy-life-insurance\/","title":{"rendered":"What Is the Best Age to Invest in Life Insurance Coverage?"},"content":{"rendered":"\n<p>The short answer is\u2026<em>now<\/em>. The best age to buy <a href=\"https:\/\/www.freeway.com\/insurance-options\/life-insurance\/\"><u>life insurance<\/u><\/a> is whatever age you happen to be right now. Ideally, that\u2019s as young as possible, but there are major advantages to investing in coverage at just about any age.<\/p>\n\n\n\n<p>Let\u2019s start by answering a basic question.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Term Life Insurance Explained | Real Benefits You Need to Know\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/ZdDuPvE0DJU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-do-i-really-need-life-insurance\">Do I Really Need Life Insurance?<\/h2>\n\n\n\n<p>Quite likely, you do.<\/p>\n\n\n\n<p>While some forms of life insurance can be an investment instrument while you\u2019re still alive, the major benefits are <a href=\"https:\/\/www.freeway.com\/knowledge-center\/life-insurance\/is-life-insurance-important\/\"><u>for your loved ones<\/u><\/a>. If your kids are young, could your spouse raise them without your financial help if anything should happen to you? How about the college years? As a single parent, would your spouse be financially secure?<\/p>\n\n\n\n<p>Even if the kids are grown and living stable lives on their own, your life insurance policy might get the grandkids through college. Or help your children with their retirement plans.<\/p>\n\n\n\n<p>If you\u2019re single, with no spouse and no companion on the horizon, that status could change at any point. In fact, the only reason you might never need life insurance is if you feel no responsibility for the future financial security of anyone, and you don\u2019t expect that to ever change. How sure can you be of that at virtually any age?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-the-average-age-to-buy-life-insurance\">What\u2019s the Average Age to Buy Life Insurance?<\/h2>\n\n\n\n<p>Most Americans start thinking seriously about <a href=\"https:\/\/www.freeway.com\/knowledge-center\/life-insurance\/understanding-life-insurance\/cheap-life-insurance\/\">life insurance coverage<\/a> when they\u2019re in their thirties. That\u2019s when many get married, buy homes and start families.<\/p>\n\n\n\n<p>You might start a business in that decade, or you or your spouse could quit a job or go to part-time employment to raise your growing family. This point is when you might start to feel financially vulnerable and wonder what the future might hold for loved ones if you aren\u2019t in it.<\/p>\n\n\n\n<p>Another advantage to investing in life insurance in your thirties (or before) is the cost advantage.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-you-ll-pay-less-the-earlier-you-buy-life-insurance-coverage\">Why You\u2019ll Pay Less the Earlier You Buy Life Insurance Coverage<\/h2>\n\n\n\n<p>To your life insurance company, you\u2019re a wager. The bet is that the company will be able to get enough out of you in life insurance premiums before they have to pay out a death benefit. That&#8217;s why they want to do business with you when you\u2019re young and, ideally, healthy.<\/p>\n\n\n\n<p>If you\u2019re a thirty-year-old non-smoker, your insurer figures you\u2019re likely to be on their books for quite a while. To put it coldly, your life is a good long-term investment. That\u2019s why you\u2019ll pay less than if you\u2019re decades older.<\/p>\n\n\n\n<p>There\u2019s another way of looking at it. Whatever your age, you\u2019re younger than you\u2019ll be later. So, in all probability, you\u2019ll <a href=\"https:\/\/www.freeway.com\/knowledge-center\/life-insurance\/understanding-life-insurance\/10-factors-affect-life-insurance-premium\/\"><u>pay less for your life insurance coverage<\/u><\/a> now than you will in the future, regardless of your current age.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"1000\" height=\"668\" src=\"https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance.jpg\" alt=\"African American couple with young daughter smiling and taking a selfie while buying life insurance\" class=\"wp-image-6586\" style=\"width:716px;height:478px\" srcset=\"https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance.jpg 1000w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-300x200.jpg 300w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-768x513.jpg 768w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-749x500.jpg 749w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-293x196.jpg 293w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-320x214.jpg 320w, https:\/\/www.freeway.com\/knowledge-center\/wp-content\/uploads\/sites\/2\/2022\/05\/freeway-what-is-the-best-age-to-invest-in-life-insurance-285x190.jpg 285w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-term-or-whole-life\">Term or Whole Life?<\/h2>\n\n\n\n<p>There are many factors you need to discuss with your trusted agent, and chief among them is the type of coverage that fits your needs best. There are variations, but the two main types of coverage are <a href=\"https:\/\/content.naic.org\/cipr-topics\/life-insurance\" target=\"_blank\" rel=\"noopener\">term life and whole life<\/a>.<\/p>\n\n\n\n<p>Much as they sound, a term life policy covers you for a period of time. Whole life coverage is also like it sounds. It\u2019s protection for your \u201cwhole life.\u201d<\/p>\n\n\n\n<p>Let\u2019s look at both.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-term-life-insurance\"><a>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/a>Term Life Insurance<\/h3>\n\n\n\n<p>You buy a term policy for financial security for a specified time period. If you\u2019re a young parent, you might want coverage for the years between now and your kids\u2019 college graduation. So, you take out a twenty-year term life insurance policy. As long as you pay your premiums, you\u2019ll get the protection of a specified death benefit for that window of time.&nbsp; Once that time is over your policy lapses. But, by then, it\u2019s no longer needed.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.freeway.com\/knowledge-center\/life-insurance\/understanding-life-insurance\/what-is-life-insurance\/\">term life policy<\/a> might also cover the first few shaky years of a new business. Your partners or investors might insist on a ten-year policy to protect their interests in case you die and the business falters.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-whole-life-insurance\"><a>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/a>Whole Life Insurance<\/h3>\n\n\n\n<p>A whole life policy covers you from the moment of purchase to the end of your life. Since death is inevitable, your life insurance company is guaranteed to grant a death benefit to your beneficiaries.<\/p>\n\n\n\n<p>Your whole life policy might also serve as an investment instrument. Ask your agent for details.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-cost-difference-between-term-life-insurance-and-whole-life-insurance\">The Cost Difference Between Term Life Insurance and Whole Life Insurance<\/h3>\n\n\n\n<p>A term life policy offers full protection over a limited period of time, but that might be when you need such financial security most. If you live through that window, there\u2019s no payout.<\/p>\n\n\n\n<p>A whole life policy, on the other hand, always pays out. Your beneficiaries will receive a settlement at some point, guaranteed.<\/p>\n\n\n\n<p>So, a whole life policy costs more but offers more.<\/p>\n\n\n\n<p>Which is right for you? Ask your life insurance agent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-find-affordable-life-insurance-online-today\">Find Affordable Life Insurance Online Today<\/h2>\n\n\n\n<p>At Freeway Insurance, our independent life insurance agents are here to show you how <em>now<\/em> is your best age to buy life insurance. Call us at <a href=\"tel:(800)%20777-5620\">(800) 777-5620<\/a> or check for a free <a href=\"https:\/\/www.freeway.com\/\">online quote for life insurance<\/a>. You can also <a href=\"https:\/\/locations.freeway.com\/?_ga=2.119624014.755044622.1649189461-981848019.1639342009\" target=\"_blank\" rel=\"noopener\"><u>find a Freeway office near you<\/u><\/a>.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <div id=\"button-blog-block_4e90d66255a34c0d86085497d6800aa7\" class=\"link-button__container\" style=\"text-align: center;\">\n        <a class=\"link-button link-button_1 \" target=\"_self\" href=\"https:\/\/triton.freeway.com\/?zipcode=&amp;media_code=FWYNA-A-WW-WS-E-00044&amp;contact_phone=888-714-4442&amp;_ga=2.92579869.1246038193.1651689037-1242541370.1651689037\" rel=\"noopener\">\n            Get a Quote        <\/a>\n    <\/div>\n    <div id=\"button-blog-block_4e90d66255a34c0d86085497d6800aa7\" class=\"link-button__container\" style=\"text-align: center;\">\n        <a class=\"link-button link-button_1 \" target=\"_self\" href=\"tel:800-777-5620\">\n            Call Us        <\/a>\n    <\/div>\n    <div id=\"button-blog-block_4e90d66255a34c0d86085497d6800aa7\" class=\"link-button__container\" style=\"text-align: center;\">\n        <a class=\"link-button link-button_1 \" target=\"_self\" href=\"https:\/\/locations.freeway.com\/?_ga=2.92579869.1246038193.1651689037-1242541370.1651689037\" rel=\"noopener\">\n            Find Your Office        <\/a>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The short answer is\u2026now. The best age to buy life insurance is whatever age you happen to be right now. Ideally, that\u2019s as young as possible, but there are major advantages to investing in coverage at just about any age. Let\u2019s start by answering a basic question. Do I Really Need Life Insurance? Quite likely, [&hellip;]<\/p>\n","protected":false},"author":1002615,"featured_media":6550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"importance":[],"type-content":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/6549"}],"collection":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1002615"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=6549"}],"version-history":[{"count":9,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/6549\/revisions"}],"predecessor-version":[{"id":12116,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/6549\/revisions\/12116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media\/6550"}],"wp:attachment":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=6549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=6549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=6549"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/importance?post=6549"},{"taxonomy":"type-content","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/type-content?post=6549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}