Skip to main content Get More Information ›

$1* Buys $100,000

Globe Life Insurance

Get FREE Life Insurance Information
Get information on life insurance for Adults, Children, or both
Get FREE Life Insurance Information
Check Adult
Age Group(s):
Or call for more information: 1-800-742-6787
Or call for more information
1-800-742-6787
Choose Your Coverage:
  • $5,000
  • $10,000
  • $20,000
  • $30,000
  • $50,000
  • $100,000
✔ | No Medical Exam
Simple Application
No Agent Will Visit—You Buy Direct
✔ | No Waiting Period Full Coverage The First Day
✔ Monthly Rates as low as: $3.49 for Adults
$2.17 for Children or Grandchildren

Why Young Families Need Life Insurance

Globe Life family protected by umbrella
close

$1* Buys $100,000

Globe Life Insurance for Adults or Children

Get More Information
✔ | No Medical Exam
Simple Application
✔ | No Waiting Period You Buy Direct
✔ Monthly Rates as low as: $3.49 for Adults
$2.17 for Children or Grandchildren

emoticon -  term life insurance

Many Americans believe life insurance to be a necessity and include life insurance as part of their regular financial planning. With its ability to fill a variety of needs, like providing supplemental income or helping pay for college, life insurance can help young families provide continued financial security to their loved ones. For this reason, it’s no surprise that many Americans believe that life insurance can be the most important purchase they make. But do young American families really need to consider purchasing life insurance so soon?

Why Young Families Should Consider Life Insurance

Life insurance may be the most important purchase you make in your family. Why? Because it could help contribute to your family’s continued financial stability, security, and lifestyle in the event that something should happen to you or your spouse. Ask yourself, what would happen if you or your partner should die unexpectedly? How would bills get paid? Could your family’s financial security and wellbeing be put in jeopardy? Will your family be able to continue living in their home without your financial support? If asking yourself these questions made you pause with uncertainty, it may be time to consider purchasing life insurance.

What Young Families Should Know Before Selecting a Life Insurance Policy

Now that you know you may need a life insurance policy, what type of policy should you consider purchasing? There are a few types of life insurance policies young families can choose from, with the most common options being term and whole life insurance. Term life insurance and whole life insurance differ in that term life insurance only covers the insured for a set amount of time, while whole life insurance can cover the insured for their whole life (or until the policy is cancelled). Ultimately, when deciding on what type of life insurance policy to consider, your decision should be based on what you can afford, what you need, and your personal circumstances. Every young family is different, so there is no one-size-fits all solution to selecting life insurance.

Closing

Young families can perhaps benefit the most from a life insurance policy, as it can be one of the most important purchases any young family can make. While there is no one-size-fits-all to life insurance, young families should explore their options and consult a financial professional or insurance agent before making a selection.

You might also be interested in...

Join 4.3 Million Current Globe Life Policyholders

Globe Life's values have remained the same since our roots began in 1900.

A rating
Globe Life is rated A (Excellent)** by A.M. Best Company based on their latest analysis of Globe Life's financial strength, management skills and integrity. (rating as of 7/20)
Rated A+ by the Better Business Bureau
Accredited Since 1952