Infographic that shows how life insurance needs may vary by age and stage of life.

Life insurance at every age

If you're wondering when to get life insurance, there's no better time than today. Let's take a look at how your life insurance needs may differ by age.

Life insurance is a key component of your personal financial plan, which means it should grow with you. You may start off with a small policy in your 20s, but you'll likely want to expand your coverage throughout your life. Here are a few ideas to consider.

Life insurance in your 20s

When you're a young adult, life insurance probably isn't top of mind, but it's the best time to get coverage. Since you're young and likely healthy, you'll typically qualify for more affordable premiums.

Life insurance in your 30s

By the time you're 30, you may have children and a mortgage, which makes the financial protection offered by life insurance more important than ever. Remember to account for your children's education costs in your life insurance coverage in case you pass away. If you find yourself underinsured, don't wait until you get older to bolster your coverage — rates typically rise with age.

Life insurance in your 40s and 50s

When you reach your 40s and 50s, your career is likely more stable than in previous stages of life, and your children may be nearing college age.

Life insurance in your 60s and beyond

As you approach retirement, life insurance can help you leave a legacy for your beneficiaries, and it can be a useful tool in estate planning.

Learn more

It's a good idea to revisit your coverage whenever you experience any significant life event that affects your finances, such as buying a home, getting married or having children. We encourage you to learn more and discuss your unique needs with your local State Farm® agent.

You can get a life insurance quote now, or give us a few details and a State Farm® agent will reach out to you.


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The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information.

Each State Farm insurer has sole financial responsibility for its own products.

State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL

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