When you’re in your twenties and thirties, life insurance is probably the last thing on your mind. Especially if you are single without any kids or dependents. If you pay rent, monthly expenses, have any debt, including a car loan or consumer debt but have some savings, you may want to consider critical illness or disability insurance. This type of insurance will give you peace of mind that if you should become ill or suffer an unexpected accident, you will be able to meet your monthly payment obligations and focus on your recovery.
Getting life insurance in your 20s can be a great idea because the payments are so low! It can be less than your gym membership or monthly coffee habit to protect your rent, car and other loans.