No Children

Recommended Uses of Life Insurance when Single with No Kids

Clearly the need for life insurance is not as urgent when you do not have others relying on you financially. If you are single without children, that is probably your scenario. I highly recommend establishing a tax-free, self-directed, privately-owned, savings plan as soon as possible. Enjoy stock market gains without stock market risks. Click here for more details.

Many popular suggestions include a 10 year term life policy, 20 year term life policy or 30 year term life policy.  There is now a 40 year term life policy available. Inexpensive protection for 40 years. Nice option, depending on your age.

Did you know there is no medical exam needed up to 1M in life insurance protection (depending on your age)?  Additionally, if you desire a policy that creates a cash value, we recommend an index universal life (IUL) policy. Give us a call today for a personal review of your needs. 1.800.277.3098. 

There are several critical reasons to purchase life insurance when single.

  • 1
    Name your parents or sibling as beneficiaries to help them out financially.
  • 2
    Life insurance will pay for your final expenses.
  • 3
    Youth and health. Lock in low life insurance rates while you are young and healthy. Your rates will last a lifetime (permanent insurance) or decades (term insurance). Taking advantage of your youth and good health is a wise financial move. Life insurance rates only increase as we get older and our health is generally at its optimum while we are younger.

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Each rate shown is a quote based on information provided by the carrier. By requesting a quote, you agree to LowTermInsurance’s Privacy Policy and Terms of Use. By submitting your personal information, you are making a consumer inquiry for insurance offered by licensed insurance agents. You consent and expect to be contacted by a licensed insurance agent via phone, email, text or direct mail. LowTermInsurance will not sell your information to a third party. Any health or personal information shared is protected by applicable HIPAA privacy laws and regulations. Invitations for application for life insurance on are made through its designated agent, Jack D. Davis, only where licensed and appointed. Jack D. Davis, is a licensed life insurance agent in multiple states and in his resident state of Florida. The following agent license numbers are provided for Jack D. Davis as required by state law: KY agent # 881715, MD agent # 2171689, CA agent # 0763085, PA agent # 430420, FL agent # D001693, GA agent # 30466520. Additional licenses are available upon request. No portion of may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner. Life insurance policies described, quoted, shown and illustrated throughout this website are not available in all states and may include those issued by: ANICO – American National Insurance Company, Assurity, Banner Life/Legal and General, Sagicor, North American Life Insurance Company, Principal Life, Protective Life, TransAmerica Life. Rates and time taken to purchase a policy vary by product.Type your paragraph here.

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