Life Insurance for Single Adults: Do You Really Need It?

Many single adults believe life insurance is unnecessary since they don’t have dependents. However, life insurance isn’t just for families—it can play a vital role in covering debts, protecting co-signers, and even leaving a legacy.

Why Single Adults May Need Life Insurance

1. Covering Debt

If you have private student loans, credit card balances, or a mortgage, life insurance can ensure your co-signers or loved ones aren’t left with the bill.

2. Funeral & Final Expenses

The average funeral costs $8,000–$12,000. Life insurance helps avoid passing this burden onto your family.

3. Supporting Loved Ones

Even if you don’t have children, you may want to help siblings, aging parents, or other relatives.

4. Locking in Lower Premiums

Buying young means you can lock in low rates that stay fixed, even as you age or develop health issues.

Average Life Insurance Costs for Young Single Adults

Age	Coverage Type	Male Monthly Cost	Female Monthly Cost
25	Term ($250k, 20 yrs)	$13	$11
30	Term ($250k, 20 yrs)	$16	$14
25	Whole Life ($250k)	$170	$145
30	Whole Life ($250k)	$200	$175

Locking in coverage at 25 saves up to 20–30% compared to waiting until 30.

Best Policy Types for Singles

• Term Life Insurance: Low cost, ideal for debt protection and funeral expenses.

• Whole Life Insurance: Permanent protection with cash value—best if you want to leave a legacy.

• Index Universal Life (IUL): Offers flexibility and investment potential for long-term planning.

Real-Life Example

A 28-year-old single professional buys a $250,000 term policy for $14/month. When she later marries and has children, she already has affordable coverage in place—saving thousands compared to buying later.

Even single adults can benefit from life insurance. It protects loved ones from debt, covers funeral costs, and ensures your future insurability at today’s low rates.

At Connect to Coverage, we make it simple to find the right policy at the right time. Request your free quote today.