Am I too young for life insurance?
The honest answer is no. Many of life’s adventures occur in our young adult life. Whether you’re buying your first house, getting married or having children, there’s often a reason to consider life insurance.
Ask yourself this, if you’ve bought a house with your partner, could they afford to pay the mortgage and cover the bills if you were no longer here? It’s likely that you’d want to know they’re supported if anything unfortunate happened to you, or that you will get the help you need if anything happened to them. That’s why buying life insurance is often encouraged for couples buying property together.
And if you’ve got children, or are planning to in the future, you ought to start thinking about the possible impact your loss could have on them. Could their other parent afford to run the house in your absence? Would you children be able to live the same lifestyle if you were no longer there to support?