The cost of life insurance for a 30 year old depends on several individual factors, there’s no catch-all figure that would give you an accurate estimate. However, for most young, healthy adults the cost of term insurance is reasonable on a 20-year term policy. Eighty percent of millennials overestimate life insurance costs by up to five times the actual price. Luckily, you can get instant term life insurance quotes for rates like those presented here whenever you have 60 seconds to use our tools on your phone or computer.

Because of your youth and health at 30, you can lock into lower insurance rates without health afflictions affecting them. Additionally, there is less likely a chance of your relatives being diagnosed with a health condition that may affect your insurance rates.

Term life insurance gives you the most flexibility in your thirties. You may need to cover debts and obligations like a mortgage, a partner, children, or a parent should you pass away. Most plans have the flexibility to convert term coverage into permanent life plans down the line if you find yourself needing longer coverage as your life changes.