Not at all — you’re actually in the perfect position. Most people think life insurance is something you buy when you’re older or have a family, but the truth is: it’s way cheaper and easier to get when you’re young and healthy. The younger you are, the better your rate — and that rate can stay locked in for life. Starting early also means you’re setting up a solid foundation for your future. So no, you’re not too young — you’re actually ahead of the game.

Yes, but there’s a catch: you need a parent or guardian to buy it for you. Teens under 18 can't legally own a life insurance policy themselves, but many parents choose to get one in their child’s name to lock in low rates early or start building savings through whole life insurance. Think of it as a financial head start — a way to grow into adulthood with a protective safety net already in place. You can take over the policy when you're older, and by then, it might already have value built up.

Term life is like renting a safety net — it covers you for a set period, like 10, 20, or 30 years. It’s simple, affordable, and perfect if you just want coverage while you’re figuring out your life (college, early career, etc.). Whole life insurance, on the other hand, is like buying that safety net — it stays with you forever, builds cash value over time, and can even be borrowed from later. One is short-term and budget-friendly, the other is long-term and builds wealth. Neither is “better”—it depends on what your goals are.

Yes, and here’s why: life insurance isn’t just for parents or married people — it’s for anyone who doesn’t want their loved ones to struggle financially if something unexpected happens. Even if you’re young and single, someone (your parents, your siblings) would still be affected. Life insurance could cover your funeral costs, pay off student loans, or just give your family breathing room to grieve without worrying about money. Plus, some policies help you build wealth while you’re still alive.

Yes — you’re not stuck for life. Most life insurance policies are flexible and can be canceled at any time. If you decide later on that you want to upgrade, switch plans, or stop altogether, you can. Term life insurance is especially low-commitment and can be tailored to your goals. Whole life policies can even have cash value you keep when you cancel. So there’s no pressure — you can start now, build good habits, and adjust as life changes.

Because that’s exactly why it’s so valuable — when you're healthy, you qualify for the best plans and lowest rates. Life doesn’t give warnings before it throws curveballs, and insurance is your backup plan before you need it. Plus, some policies don’t just protect your life — they build savings you can use while you’re alive. So even if nothing ever happens (and we hope it doesn’t), you still win by locking in a low rate and building a financial safety net.

Yes — but not all types. Whole life insurance and other permanent policies grow something called cash value, which is like a built-in savings account that earns interest. Over time, you can borrow from it, use it for emergencies, or put it toward big goals like a car, school, or starting a business. It grows slowly at first, but becomes a powerful tool if you start young. It’s like saving money in the background while staying protected at the same time.

Yes you can. You don’t need a full-time job or steady paycheck to qualify for basic coverage. As long as your parent or guardian helps you get started (if you're under 18), or you can show basic financial info as a young adult, you’re good. Many students or part-time workers get approved with ease. The important thing is your age and health — not your income. And since plans can be super affordable (sometimes under $20/month), you don’t need a big budget to start.

Nope. Life insurance won’t mess with your FAFSA or your student aid. The death benefit doesn’t count as income or assets for financial aid purposes, and you’re not taxed on it either. If your policy builds cash value, you won’t need to report it until it’s substantial — and even then, it’s not the kind of thing that ruins your eligibility. It’s totally safe to have as a student and won’t interfere with grants, loans, or scholarships.

That depends on what you're trying to protect. If you just want to cover final expenses or support your family if something happens, you might start with $50,000 to $100,000. If you're thinking long-term, like building wealth or protecting future goals, you might go with $250,000 or more. The good news? Even larger policies can be surprisingly affordable at your age. A quick consult can help figure out what’s smart for your budget and lifestyle.