Life Insurance – Money Under 30

Life insurance: What it is and why you need it

Written by Lance Cothern • Edited by David Weliver • Last updated on December 22, 2023

Before you purchase life insurance, here’s what you need to know, including what policies are available, how premiums are calculated, how claims work, and where to shop for life insurance policies.

Reality check: Buying life insurance young saves money

Benefits of buying life insurance at a young age

Written by Kevin Mercadante • Edited by David Weliver • Last updated on August 31, 2023

The younger you are, the cheaper life insurance premiums will be. Buying life insurance young can save you bundles over your lifetime.

How does marijuana use affect life insurance eligibility and rates?

Written by Sarah Sharkey • Edited by David Weliver • Last updated on September 1, 2023

Marijuana use will not automatically exclude you from buying life insurance, but policies vary widely by company. Here’s what to know about how recreational or medical cannabis use affects your ability to get life insurance.

When should you get life insurance?

Written by David Weliver • Edited by Chris Muller • Last updated on September 1, 2023

When to get life insurance is a personal decision, but the younger you buy life insurance, the less you’ll pay.

What Tests Are Required For Life Insurance?

Written by Amy Bergen • Edited by Chris Muller • Last updated on September 1, 2023

Medical exams for life insurance are simpler than you might expect, but they check for a range of conditions that can affect your chances of being approved – find out what you should expect before you apply.

The most common reasons you might be denied life insurance

Written by Sarah Sharkey • Edited by David Weliver • Last updated on September 1, 2023

You can be denied life insurance coverage for a lot of reasons; learn why, and how to increase your odds of approval.

Everything You Need To Know About No-Medical-Exam Life Insurance

Written by Elizabeth Rivelli • Edited by David Weliver • Last updated on September 5, 2023

No-medical-exam life insurance is a life insurance policy that doesn’t require a medical exam during the application process. These policies can be beneficial for people with pre-existing health conditions, but the premiums tend to be much more expensive.