What’s the right age to start thinking about life insurance? Many assume life insurance is something to consider later in life, perhaps when buying a home or starting a family. In reality, the best time to take out a policy is often much earlier. The younger and healthier you are, the more affordable your premiums will be.
Why starting young matters
Life insurance premiums are based on risk. Insurers look at your age, health, lifestyle, and occupation when calculating your monthly cost. Younger people are statistically less likely to make a claim, which means lower premiums. By arranging cover early, you can lock in those low rates for the entire term of your policy.
For example, a healthy 35-year-old could pay less than half the premium of someone who waits until age 45 to arrange cover (Legal & General, 2025). Waiting simply makes protection more expensive.
Life milestones where life insurance makes sense
While it is never too early to think about cover, some key life stages make life insurance especially important:
- Buying a home: Protecting your mortgage ensures your loved ones can keep the family home if you pass away.
- Starting a family: Life insurance can provide financial security for childcare, school fees, and everyday expenses.
- Getting married or entering a long-term partnership: Protects your partner from financial hardship.
- Career progression: As your income grows, so do your responsibilities and lifestyle costs.
Pros of getting life insurance early
- Lower premiums: You can lock in a low rate for decades.
- Peace of mind: Knowing your family is protected, even before big life changes.
- More options: Better access to policies while in good health.
- Flexibility: You can increase or adapt your cover later if your needs change.
Cons of delaying life insurance
- Higher premiums as you age.
- Limited options if health issues develop.
- Risk of leaving your family unprotected if the unexpected happens.
Why act now
The earlier you put a policy in place, the more affordable it will be. As a life insurance broker, IGotCover can compare policies from leading UK insurers and find the best option for you. Speak to one of our specialists today, get your free quote and take the first step towards protecting your family’s financial security.
