Life Insurance for People Under 40 Starting at $5 per Month!
With QuickDecisionSM underwriting!
In most cases, the ideal age to purchase Life insurance is under 35.
Term Life Insurance for Every Life Stage
Choose from a selection of Group Term Life insurance plans for the protection your family needs.
This is generally when people buy homes and start families—all good reasons to buy Life insurance. But if other financial priorities keep getting in the way, there’s a key economic consideration you shouldn’t miss:
Countless factors determine Life insurance premiums, but age may be the most important. The good news is that getting Life insurance now is probably a lot cheaper than you may think. A recent survey revealed that Millennials tend to overestimate the cost of Life insurance. When asked to estimate the cost of a term life policy for a 30-year old, over half of respondents guessed the price to be more than two times its actual cost. You may be surprised to learn that a 39-year old can buy a $50,000 group term life policy1 for less than $5 per month—that’s less than you’re likely to spend at the coffee shop.
The same survey also found that a large portion of Millennials mistakenly think they can’t qualify for coverage. However, for most people, the ideal time to purchase Life insurance is in your twenties before chronic health conditions develop. Learn more about what is considered healthy2 by an insurance company.
Today, applying for Life insurance is easier than ever—most applications can be completed online, and with companies now employing new technology like New York Life’s QuickDecision underwriting, you may be able to secure coverage within minutes.3
12021 Life Insurance Barometer Report, Life Happens and LIMRA
22019 Life Insurance Barometer Report, Life Happens and LIMRA
3Additional eligibility based on state and product selection.