Life insurance for starters
Not sure where to start with life insurance? We can help.
As a young adult beginning your career, it’s important to set the foundation for a strong financial future. Maybe you’re not sure where to start, or wondering if it’s too early for insurance.
What if something happened to you?
Life insurance can help protect your loved ones if the worst happens.
Think about the following:
- Would your family be burdened by your student loans or other debts?
- Could you support yourself, or continue saving for your future, if you were unable to work?
- Should you also consider disability or critical illness coverage?
It pays to start early
By purchasing a life insurance policy when you’re young, you set yourself up for peace of mind down the road.
- It’s easier to qualify for life insurance when you’re young and healthy
- Rates are generally lower when you’re younger
- Putting a life insurance policy in place now guarantees you access to coverage in the future, even if your health changes
Here’s an example of how much coverage you might need
Student debt: $40,000
Car loan: $25,000
Funeral costs: $15,000
Total coverage needed: $80,000
For that amount, a policy could cost as little as $9.41 a month for the first year
Or lock it in for 10 years at $11.21 a month.*
*Sample premiums for a 22-year-old, non-smoker, female. Term Life 1 premium is for the first policy year. Versatile TermTM 10 premium is level for the first 10 years. Terms and conditions apply.
Our recommendations for starters
Term life insurance
Give your loved ones peace of mind with affordable coverage for a duration of your choice.
Explore term life insurance
Critical Assist®
Protect yourself and your family in case you are diagnosed with a critical illness.
Explore critical illness insuranceTalk to us today
For personalized solutions that fit your needs and budget, connect with a representative near you.
Life insurance is underwritten by Co-operators Life Insurance Company. This material is provided for informational purposes only. Please refer to your policy for applicable coverage details, limitations, and exclusions. In Quebec, a licensed insurance advisor is a Financial Security Advisor or a Representative. Co-operators® is a registered trademark of The Co-operators Group Limited and is used with permission. Critical Assist® is a registered trademark of Co-operators Life Insurance Company. Versatile TermTM is a trademark of Co-operators Life Insurance Company.