Best Life Insurance for Young Adults (2025)

Legal & General is the best life insurance option for young men, offering competitive rates and comprehensive coverage options. Men in their early 20s pay an average of $30 monthly for 20-year term policies at $500,000 coverage. High coverage limits are available up to $10 million with terms ranging from 10 to 40 years.

The company maintains an A rating from AM Best for financial stability and receives 65% fewer complaints than the industry average based on its 0.35 NAIC complaint index. Legal & General offers useful riders like accelerated death benefit, child protection and guaranteed insurability to customize your policy. Though you'll need a medical exam, Legal & General's affordable premiums and flexible options work well for young men building family financial protection.

• A.M. Best rating: A
• NAIC complaint index: 0.35
• J.D. Power score: N/A
• Customer sentiment: 85% positive, 15% negative

• Max coverage: $10 million
• Medical exam required: Yes
• Terms available: 10-40 years
• Ages supported: 20-75
• Riders and options: Accelerated death benefit rider, child rider, stacking rider, guaranteed insurability rider, conversion options to age 70

Want to skip the medical exam hassle? Pacific Life has the best no-exam life insurance for young adults, offering coverage up to $3 million without a medical exam. Young adults can secure a $500,000 term policy for $25 to $30 monthly, while whole life policies start at just $78 for 20-year-olds. No-exam policies cost just $1 more than standard underwriting for this age group. Pacific Life provides flexible term lengths from 10 to 30 years, accepting applicants as young as 18 years old.

The company has strong financial stability with an A rating from AM Best and receives an impressive 92% fewer complaints than the industry average with a 0.08 NAIC complaint index. Pacific Life also scored 657 in J.D. Power's customer satisfaction survey, ranking seventh overall among life insurers. To round out their offerings, you can customize your policy with riders including accelerated death benefit, child term coverage, waiver of premium and guaranteed insurability. The no-exam option is ideal for young people who want quick approval without medical testing.

• A.M. Best rating: A
• NAIC complaint index: 0.08
• J.D. Power score: 657 (7th)
• Customer sentiment: 72% positive, 28% negative

• Max coverage: $10 million+, or $3 million without medical exam
• Medical exam required: No
• Terms available: 10-30 years
• Ages supported: 18-75
• Riders and options: Accelerated death benefit, child term rider, waiver of premium, accidental death benefit, guaranteed insurability, conversion options

Protective Insurance is a great choice for young adults seeking high coverage levels of $1 million or more, with competitive rates and coverage limits exceeding $10 million. Young men pay $29 monthly on average for $500,000 term policies, while women save even more at $23 monthly. For $1,000,000 term life insurance policies, rates increase to $40 for young women and $51 for young men, which is among the cheapest rates we quoted for this coverage level. The insurer offers flexible term lengths from 10 to 40 years for applicants as young as 20 years old. They also offer competitive rates for whole life insurance, with 20-year-olds paying as low as $59 for $500,000 coverage.

Protective Insurance holds an A+ rating from AM Best, meaning they have the financial strength to pay large claims. The company also scored 653 in J.D. Power's customer satisfaction survey, ranking ninth among life insurance companies. Plus, you can add riders to customize your plan, like accelerated death benefit, waiver of premium and guaranteed insurability.

• A.M. Best rating: A+
• NAIC complaint index: N/A
• J.D. Power score: 653 (9th)
• Customer sentiment: 82% positive, 18% negative

• Max coverage: $10 million+
• Medical exam required: Yes
• Terms available: 10-40 years
• Ages supported: 20-80
• Riders and options: Child term rider, accelerated death benefit, waiver of premium, accidental death benefit, guaranteed insurability, conversion options up to age 70

Assurity is the best life insurance for young women and smokers, offering flexible underwriting, affordable rates, and extensive rider options. Nonsmoking young women pay just $21 to $22 monthly for term coverage, while smokers pay $60 to $62. The smoking rate may seem high, but this is actually the lowest we quoted for ages 20-25. Term coverage limits exceed $10 million through standard underwriting or up to $1 million without a medical exam. Standard term lengths of 10 to 30 years are available for applicants as young as 18 years old.

The company maintains an A- rating from AM Best for financial stability, which is acceptable but lower than the other companies in our list. Their NAIC complaint index is also higher at 0.638, though we found 85% positive customer sentiment in review forums. Assurity offers unique riders not commonly available elsewhere, including return of premium, disability income and critical illness coverage to enhance your protection. The no-exam option and competitive smoker rates give young women and tobacco users affordable coverage without medical testing.

• A.M. Best rating: A-
• NAIC complaint index: 0.638
• J.D. Power score: N/A
• Customer sentiment: 85% positive, 15% negative

• Max coverage: $10 million+, or $1 million without medical exam
• Medical exam required: No
• Terms available: 10-30 years
• Ages supported: 18-75
• Riders and options: Accelerated death benefits rider, return of premium rider, accident only disability income rider, critical illness rider, disability income rider, level term rider

Value responsive customer service? Guardian Life earns our top spot for customer experience with a 4.9 MoneyGeek customer experience score, backed by exceptional service ratings and financial strength. Young adults pay $27 to $33 monthly for term coverage, with Guardian Life offering policies up to $5 million and terms from 10 to 30 years for applicants starting at 18 years old.

Guardian Life holds the highest possible A++ rating from AM Best and receives 92% fewer complaints than the industry average with a 0.08 NAIC complaint index. They also ranked second overall in J.D. Power's customer satisfaction survey with a score of 685. Plus, 90% of customers report positive experiences in review forums we surveyed. Beyond their high customer satisfaction ratings, Guardian Life offers useful riders including a waiver of premium and a unique charitable benefit option. Though you'll need a medical exam and premiums run slightly higher than competitors, Guardian Life's outstanding customer service and financial stability make it worth the extra cost for young adults who value responsive support when filing claims.

• A.M. Best rating: A++
• NAIC complaint index: 0.08
• J.D. Power score: 685 (2nd)
• Customer sentiment: 90% positive, 10% negative

• Max coverage: $5 million
• Medical exam required: Yes
• Terms available: 10-30 years
• Ages supported: 18-75
• Riders and options: Charitable benefit rider, waiver of premium, guaranteed renewability

North American has the best whole life insurance for young adults with highly competitive premiums and strong financial ratings. Young adults pay just $66 to $70 monthly for $500,000 whole life policies at age 20, making permanent protection affordable if you’re just starting a career. These rates increase substantially for 25-year olds, up to $281 for women and $347 for men, but they’re still among the most affordable for the age. North American also offers term policies for an average of $20 to $28 monthly for $500,000 in coverage.

North American holds an A+ rating from AM Best, showing the financial strength to honor lifelong policies. Across review forums, they have 77% positive customer sentiment, which is slightly lower than other options in our list. Though North American requires a medical exam, its affordable whole life premiums suit young adults who want permanent coverage that builds wealth.

• A.M. Best rating: A+
• NAIC complaint index: N/A
• J.D. Power score: N/A
• Customer sentiment: 77% positive, 23% negative

• Max coverage: $10 million+
• Medical exam required: Yes
• Terms available: 10-30 years
• Ages supported: 18-60
• Riders and options: N/A