Top 3 Term Life Insurance for Young Adults

It’s common to believe that you need Term life insurance for young adults as you age. However, it can be incredibly helpful for young adults who intend to have children or who are already parents. Additionally, as the cost of life insurance rises with age, purchasing a policy when you are young and healthy might help you lock in a reasonable rate. examined  insurance providers using more than 50 data points in order to determine the top Term life insurance for young adults providers on our list. For a clearer picture of a company’s financial strength and level of customer service, we also looked at data from J.D. Power and A.M. Best.


Term life insurance for young adults
Term life insurance for young adults

Protective is the best Term life insurance for young adults provider overall for young individuals, according to our analysis of 90 life insurance providers. Additionally, it is our top choice among term life insurance providers.

Young folks looking for affordable term life insurance may consider Protective because of its exceptional pricing for Term life insurance for young adults products. Protective and Banner matched for having the lowest term life insurance premiums among the “best” carriers on our list.

Protective provides no-medical-exam policies in addition to term, whole, universal life (UL), indexed universal life (IUL), and variable universal life (VUL) insurance. If you match the underwriting criteria, you can get a quotation, apply, and receive same-day coverage for Term life insurance for young adults online. period life insurance policies from Protective are renewable after the initial period and have a permanent coverage option. Additionally, you have the option of selecting terms up to 40 years long, which is the longest period among the providers we studied.

Protective, which has an A+ (exceptional) rating from AM Best, has exceptional financial soundness, but it falls short when it comes to overall customer happiness.

Protective rated 16th out of 21 major Term life insurance for young adults firms in the J.D. Power Individual Life Insurance Study with a score of 752 out of 1,000, which is lower than the industry average of 776 out of 1,000.


  • Equal for least expensive term life insurance
  • More financial stability
  • Terms up to forty years
  • Coverage starting today for qualified candidates


  • J.D. Power customer satisfaction rating below average


Term life insurance for young adults
Term life insurance for young adults

Banner offers term lengths up to 40 years and was tied with Protective for the least expensive Term life insurance for young adults. However, it provides fewer coverage options and riders than Protective, earning it the title of best life insurance provider for young adults’ runner-up.

However, Banner is an excellent provider to take into consideration if you’re interested in a Term life insurance for young adults coverage. More than $10 million in coverage is available, and term insurance is convertible up until the policy’s expiration date (or until age 70). If you want to continue having term insurance after the initial period, they are also renewable. We like that you can enhance your coverage for particular life events, such when you’re paying down a mortgage, while maintaining a reasonable base policy by adding term riders to your base policy for 10, 15, or 20 years.

Additionally, Banner provides online quotations, online applications, same-day coverage for some people, and no-medical-exam insurance to qualified candidates.

However, Banner only sells term and universal life insurance, and it provides fewer customizing options in comparison to many of the other companies we evaluated.


  • Rqual for least expensive Term life insurance for young adults
  • Stacking of coverage and term riders is an option.
  • Terms up to forty years
  • Generous conversion time frame


  • Available policy kinds are few.
  • Less riders than some rivals

Mutual of Omaha

Term life insurance for young adults
Term life insurance for young adults
We identified Mutual of Omaha as the top Term life insurance for young adults provider for young individuals who wish to personalize their coverage, despite the fact that several firms provide this option. This is due to the company’s vast range of policy features and riders, which includes uncommon ones like a disability income rider and a return-of-premium feature on some of its term policies.

You can recover up to 100% of the premiums you paid if you add a return-of-premium rider to your Term life insurance for young adults policy. Furthermore, most insurance policies include living benefits riders for chronic and terminal illnesses at no upfront cost; a few policies also do this for riders for critical, chronic, and terminal illnesses. It is also our top choice for the best life insurance companies for living benefits due to these factors.

Young adults can buy term life, universal life, indexed universal life, or ultimate expense whole life insurance via Mutual of Omaha. Traditional whole life insurance and variable universal Term life insurance for young adults are not offered by the company. Additionally, many plans are accessible to qualified candidates without a medical examination.

The website of Mutual of Omaha offers term life insurance quotes, but you must work via an agent to apply. You can call or use live chat to contact an agent during office hours if you need assistance.


  • Many insurance offer living benefits riders
  • Unusual riders are accessible
  • No-medical-exam guidelines for qualified candidates
  • Term life insurance with a return of premium
  • Live conversation


  • Online applications for term life insurance require a broker.
  • Traditional whole life and variable universal life policies are not available.

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