What are the best life insurance companies for young adults in 2025? Although no young adults wish to die, purchasing life insurance is one of the best things one can do for their beneficiaries. Whether you just want to start a family or purchase your first home, a life policy is important to protect your loved ones. And because the premiums increase with age, it is a good choice to purchase while you are young to get a cheap rate.
To help you select the best life insurance companies for young adults in 2025, we have researched insurers across the world. We compared several important factors in helping you select a life insurance company, such as the policies, price, coverage, application process, riders, customer satisfaction, and company’s financial strength.
Top Life Insurance Companies for Young Adults in 2025
Below are the top 10 life insurance companies that offer the best policies for young adults in 2025:
Protective
After looking at different life insurance companies, we found that Protective is the best choice for young adults. And it is our number one for best companies that offer term life insurance too.
Protective provides great prices for term life insurance. And this makes it a good choice for young adults looking for affordable coverage. Among the top insurers we have checked, Protective and Banner have the cheapest term life insurance premiums.
Protective provides various types of coverage. And they include term, whole, universal life (UL), indexed universal life (IUL), and variable universal life (VUL) insurance, along with policies that don’t require policyholders to go through a medical exam. Policyholders can easily get a quote and apply online for term life insurance. With the possibility of getting coverage on the same day if you meet the set requirements. Their term life policies can be changed into permanent coverage and are renewable once the term is over. You can even choose terms that span about 40 years, which is the longest among the providers we have checked out.
State Farm
You might already be aware that State Farm offers various types of insurance, like auto, boat, ATV, motorcycle, and homeowners. This is good news because you can bundle these coverages and get a discount on your policy even as a young adult.
What you might not know is that State Farm has been around since 1929 and offers amazing life insurance policies for young adults. They are known for their top-notch customer service. And offers both online and in-person services, which is quite popular among young people.
Here’s an interesting fact: 5 of the past insurance policies issued by State Farm in 1929 are still active currently.
Banner Life
Banner, a part of Legal & General America, provides affordable term coverage for young and healthy adults. Also, they provide the longest coverage terms available, which span about 40 years. While their selection of riders is not as extensive as some insurers, they do offer term riders that allow you to stack your coverage for a cost-effective strategy. For instance, you could get a 40-year term policy with a 15-year rider to make your coverage go up while repaying your mortgage or while your kids are in school.
You can easily request an online quote for term coverage and apply online. When you purchase a life policy from Banner, you’re working with a reputable company known for its amazing coverage and customer satisfaction. Additionally, the insurer has had fewer complaints with the National Association of Insurance Commissioners (NAIC) over the past few years than expected given its market share.
Ethos
Ethos Life is a very new insurance company designed for tech-savvy customers. It was established in the year 2016. The company makes use of digital technology to speed up its underwriting process for life insurance. Ethos offers both term and whole life coverage through an online-only application process. However, the only policy young people won’t qualify for is whole life.
Ethos’s term life coverage is competitively priced for young adults, according to our research. Since Ethos operates entirely online, policyholders can’t meet local agents for face-to-face assistance. The type of life insurance policies the insurer offers include: Term life insurance, whole life insurance, no-exam life insurance
Mutual of Omaha
Mutual of Omaha is another of the best life insurance companies for young adults who want to design their coverage to meet their needs. They offer a wide range of options. And these include uncommon ones like a disability income rider and a return-of-premium feature on some term policies.
With Mutual of Omaha, young people can choose from term life, universal life, indexed universal life, or final expense whole life insurance. However, they don’t sell traditional whole life insurance or variable universal life insurance. Some policies are available without policyholders going through a medical exam. But they are only for eligible applicants.
Easily get a quote on Mutual of Omaha’s website for term life insurance policies. However, you need to apply through an agent you know pretty well. If you need assistance, you can contact an agent by phone or live chat during customer hours.
Nationwide
Nationwide is an amazing choice for young adults who want life insurance with living benefits. Also, it is our overall best pick. Most of Nationwide’s life insurance policies include three living benefits riders for terminal illness, chronic illness, and critical illness at no additional costs.
For young adults looking for a wide range of policy options, Nationwide is an incredible option to go for. They provide various policy types. These are term life, whole life, universal life, indexed universal life, and variable universal life. Also, some healthy young applicants may qualify for life insurance without going through a medical exam, with coverage up to $5 million.
Although Nationwide’s pricing for term life insurance policies is about average, they offer incredible benefits. Automatically, this insurer’s policy terms include chronic, critical, and terminal illness riders at no extra charge. You can get a quote online to know the cost of your coverage.
