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Retirement Planning

Do You Need Life Insurance in Your 20’s?

Post Created in Partnership with Quotacy.

Death can happen at any time, no matter what your age is or how well you take care of yourself and your health. As many of you know, I’m still in my early to mid-twenties, but what you may not know is that I’ve been thinking a lot about life insurance lately.

Why I Need Life Insurance

My full-time employer offers some life insurance for all employees, but it is based on how much your annual salary is and there’s no option to buy additional coverage.

Unfortunately, in my current financial situation, the life insurance policy I have through my employer is not enough to completely cover my debts if I were to die today, or in the near future.

I don’t have co-signers on any of my debts, but I still wouldn’t want anyone to be hounding my family if I were to die suddenly with lots of unpaid debts. So, looking into buying additional life insurance has been on my to-do list for the last couple of months. I want to buy enough coverage to pay all my debts in full, plus a little extra to cover any death/funeral costs.

Quotacy to the Rescue!

Luckily, I found Quotacy the other day. Their website makes it easy to compare many life insurance products from many different companies all in one place before choosing which product is right for you.

After you enter some of your basic information, like your zip code and gender, the site provides you with a general quote. Next, you can alter the amount of coverage and length of coverage you want before entering some more specific health information to get a more accurate quote. Unlike other online quoting sites, Quotacy tries to set realistic expectations upfront by getting you as close to the final price as possible before you apply. If you are unsure of how much coverage you truly need, there is a tool to help you determine that too.

The best part about getting quotes from Quotacy is that the whole process of obtaining a quote took me less than 2 minutes to complete, and there were nine different policies for me to choose from!

Once you have your list of quotes you can select the one you are most interested in and review your information before actually applying for that coverage. You can apply for coverage online right then, and Quotacy reviews every submission to make sure you’re applying for the best, most affordable policy available based on any unique health or lifestyle characteristics you may have listed on the online form. Isn’t that great? If you have questions at any time throughout the process, you can call them or email them for help.

Quotacy also has an awesome blog to help answer even more of your life insurance questions, like how to file a claim, questions to ask before buying a policy, and why single people need life insurance too.

If you think you may need life insurance, check out Quotacy for more information about life insurance and for help with making your decision about what type and how much coverage is right for you. Now, I just need to get my application finished!


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Erin Thompson

Erin Thompson spent years managing her own blog about budgeting and debt. Because of that, she has great insights not only about managing spending and borrowing but also about running websites profitably. When she's not writing articles for us, she's traveling and looking for new types of wines to try.
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The content on is for informational and educational purposes only. It is not financial advice and we are not certified financial advisors. strives to keep its information accurate and up to date, but it may differ from actual numbers. We may have financial relationships with companies listed on our site. We may receive compensation for the placement of sponsored products or services. We work hard to write authentic and accurate articles.