Purchasing life insurance when you’re young probably isn’t your top financial priority. Instead, you're likely focusing on other financial concerns, like upcoming student loan payments or buying a home.
In fact, according to a 2023 study from life insurance marketing and research firm LIMRA, more than half (52%) of millennials have no life insurance coverage at all. However, purchasing life insurance in your 20s or 30s can be advantageous and more affordable than you may think.
