Life Insurance for a Single Person

Most life insurance commercials and marketing materials talk about the importance of family etc. What if you're single? Is life insurance for a single person important to have? Life insurance coverage is always important to have and even single people have financial obligations that they will want to ensure are taken care of in the event of their passing. Read more to find out why single people should get life insurance and how to find the best life insurance rates for a single person.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • Most life insurance marketing materials talk about protecting your family, etc., but single people can still benefit from having a life insurance policy.
  • You may not stay single forever, and getting a life insurance policy while you are healthy is easier than when things start to get worse for your health.
  • Just because you are single doesn’t mean there aren’t people you don’t want to take care of in the event of your death.

A lot of single people wonder, do I need life insurance? The answer is yes, life insurance for a single person is very important.

Despite the fact that most life insurance commercials, brochures, and websites talk about protecting your family and spouse, life insurance is an important protection for everyone — including single people.

There are many different reasons a single person would want and could benefit from having a term life insurance policy. The most obvious is you might not stay single forever, but there are many other great reasons to carry life insurance. Learn as much as you can about the different types of term life insurance.

You might be wondering, what is the best life insurance for a single female or male? We’re going to explore that question in more detail below, and show you reasons why it may be a good idea to get a life insurance policy even if you’re single.

If you’re ready to start the process of comparing affordable life insurance quotes for a single person in your area, enter your ZIP code above. Not yet ready to buy life insurance for a single person? Read on to learn more.

Do single adults need life insurance?

The truth is everyone needs life insurance, but how much life insurance do you need? It may not seem obvious to you now, but there are potentially many financial interests you want to protect should you pass away suddenly.

For one, burial and other expenses associated with passing can be costly. Who is going to pay for this? A life insurance policy can help you cover these final costs.

Additionally, you may have debts you still owe. Just because you have passed on doesn’t mean these debts disappear.

For example, a car, a mortgage, credit card debt, or other debts will have to be paid out of your estate. This can be a very complicated and messy situation for the person left to handle your affairs.

Life insurance can help pay off your debts so your estate can be divided the way you see fit. If you have any debts cosigned by a parent, sibling, friend, etc., they become soley responsible for this debt in your absence. Life insurance policies can help cover these expeneses.

Learning about both supplemental life insurance for a single person and whole life insurance for a single person is how you can make sure you are choosing the best type of life insurance for you.

Why get life insurance?

As we have already shown, there are a number of financial motivations to get life insurance, even for single people. One that we have yet to cover is dependents. You may be single, but that doesn’t mean people do not depend on you.

Perhaps you have a younger sibling, a nephew or niece, or someone else you are very close with and want to take care of even after you pass away. A life insurance policy can help you take care of the people you care about after you’re gone.

Life insurance for a single person with no dependents is still a good idea, even if you are young and healthy.

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Should I get life insurance while I am young and healthy?

When you’re young and in good health, life insurance is probably one of the last things on your mind. However, these are the best times to buy life insurance. You can get great policies with awesome coverage for a lot less money then you can when you are older.

See the table below to see how your rates can vary by your age.

Average Annual Life Insurance Rates by Age, Gender, and Smoker Status
DemographicAverage Annual Life Insurance Rates for Non-SmokersAverage Annual Life Insurance Rates for Smokers
Single 25-Year-Old Female$164.50$248.90
Single 25-Year-Old Male$183.61$328.31
Married 35-Year-Old Female$170.47$289.34
Married 35-Year-Old Male$190.40$366.70
Married 45-Year-Old Female$247.50$494.59
Married 45-Year-Old Male$274.59$648.16
Married 55-Year-Old Female$417.01$999.43
Married 55-Year-Old Male$543.23$1,386.70
Single 65-Year-Old Female$898.76$2,267.36
Single 65-Year-Old Male$1,308.00$3,333.99
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Does your family have a history of health issues? If you think you are likely to develop a health issue that runs in your family, it is best to go ahead and get life insurance coverage now while you are in good health. Once you are diagnosed with a medical condition, life insurance costs will go up.

Should you apply for single person life insurance today?

Whether you have a business you want to protect, someone you want to take care of, or debts you want to ensure are paid off, a life insurance policy is important to have.

It is never too early to start looking for quality life insurance coverage, even if you are young and healthy.

Don’t wait to get covered. Start shopping around for life insurance today, and protect the most important aspects of your life. Remember, you may not be single forever, and it doesn’t hurt to plan for the future.

If you’re ready to start comparing life insurance quotes, enter your ZIP code below to see the best life insurance for one person in your locality. Which life insurance company for a single person is best for you? Find out now.



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