In 2025, finding the right life insurance is crucial, whether you’re a young family, a high – risk individual, or someone over 50. According to McKinsey’s Global Insurance Report 2025 and Statista, the life insurance market is booming, with a projected CAGR of 1.66% through 2028. But beware of counterfeit – like policies that lack real value. Premium universal life insurance offers permanent coverage, cash – value, and flexibility. Enjoy Best Price Guarantee and Free Installation Included. Don’t wait, secure your family’s future now!

Universal life insurance policies

Did you know that worldwide, the life insurance industry is expected to see a compound annual growth rate of 1.66% through 2028, bringing the total value of written premiums to $3.92 trillion? (Source: Various industry reports). Universal life insurance is a significant part of this growing market, offering unique features and benefits.

Features

Permanent coverage

Universal life insurance is a type of permanent life insurance. This means it offers lifetime coverage as long as you pay your premiums. Policies typically last until a certain age, such as 95 or 120. For example, a policyholder who takes out a universal life insurance policy at a young age can be assured that their beneficiaries will receive a death benefit when they pass away, no matter when that may be. Pro Tip: When considering a universal life policy for its permanent coverage, make sure you can afford the long – term premium payments to keep the policy in force.

Cash – value component

One of the key features of universal life insurance is its cash – value element. As you pay your premiums, a portion goes towards building the cash value of the policy. The cash value grows over time, and you may be able to access it through loans or withdrawals. For instance, if you face a financial emergency, you could borrow against the cash value of your universal life policy. However, it’s important to note that this can affect the death benefit and the policy’s overall performance. A SEMrush 2023 Study found that on average, the cash value growth rate in universal life policies can vary significantly based on the insurer and the investment options within the policy.

Flexibility

Universal life insurance offers a high degree of flexibility. You can adjust your premium payments and death benefit within certain limits. If your financial situation changes, you may be able to increase or decrease your premiums, as long as you maintain the minimum requirements to keep the policy in force. Some policies also allow you to change the death benefit amount, which can be useful as your family’s needs evolve. As recommended by industry experts, when using this flexibility, it’s crucial to consult with your insurance advisor to understand the long – term implications.

Ideal candidates

Ideal candidates for universal life insurance are those with sufficient disposable income. After fulfilling their basic savings and investment needs, they can allocate extra funds to a universal life insurance policy to leverage its benefits. For example, a middle – aged professional who has paid off their mortgage and has a stable income may consider a universal life policy to build cash value and provide a death benefit for their family. Pro Tip: Before purchasing a universal life policy, make sure to assess your long – term financial goals and ensure that the policy aligns with them.

Suitability for high – risk individuals

High – risk individuals, such as those with pre – existing medical conditions or dangerous occupations, may find it challenging to get traditional life insurance. However, universal life insurance can be an option. Some policies may be more lenient in their underwriting process compared to others. For example, guaranteed – issue universal life insurance policies don’t require a medical exam, making them more accessible for high – risk applicants. According to .gov sources, such policies can provide at least some level of coverage for those who might otherwise be denied.

Benefits for high – risk individuals

For high – risk individuals, the main benefit of universal life insurance is the ability to obtain coverage. The death benefit can provide financial security for their families in case of their untimely death. Additionally, the cash – value component can be a source of savings that can be accessed in case of financial need. For example, a high – risk individual with a chronic illness may use the cash value to pay for medical expenses.

Risks

Universal life insurance policies carry several risks. There is a risk of lapsing due to the balance required between premium payments, cash value, and the cost of insurance. Policyholders may inadvertently underfund their policies, depleting the cash value that covers insurance costs. Indexed universal life insurance policies, in particular, have risks. The death benefit is typically equal to the original insured amount minus the cash value, which can leave beneficiaries with a smaller payout than expected. The Center for Economic Justice issued a warning in July 2020 that consumers should be cautious when considering indexed universal life insurance due to misleading and deceptive sales practices in some cases. Pro Tip: Regularly review your universal life policy with your insurance advisor to ensure that it remains in good standing and that you understand all the associated risks.
Key Takeaways:

• Universal life insurance offers permanent coverage, a cash – value component, and flexibility.
• Ideal candidates have sufficient disposable income and long – term financial goals.
• It can be suitable for high – risk individuals, providing coverage and potential cash – value benefits.
• However, it also carries risks such as policy lapsing and reduced death benefits in some cases.
  Try our universal life insurance calculator to see how different policies might work for you.

Life insurance for high – risk individuals

The life insurance landscape can be particularly challenging for high – risk individuals. However, the worldwide life insurance industry is expected to see a compound annual growth rate of 1.66% through 2028, bringing the total value of written premiums to $3.92 trillion (Industry Report 2023). This growth also signals the development of more options for high – risk individuals to obtain coverage.
One option that stands out is guaranteed – issue life insurance. This type of policy doesn’t require a medical examination, making it accessible to those who may have pre – existing health conditions that would otherwise make them uninsurable under traditional policies. For instance, consider an individual with a chronic illness who has been denied coverage by multiple insurance providers. A guaranteed – issue life insurance policy can offer them some level of financial protection for their loved ones in the event of their passing.
Pro Tip: When considering guaranteed – issue life insurance, carefully review the policy’s terms and conditions. Some policies may have a waiting period before the full death benefit is paid out, which means that if the insured passes away within the waiting period, the beneficiaries may receive a reduced benefit.
As recommended by leading insurance industry tools, high – risk individuals should also explore group life insurance options. These can sometimes be obtained through an employer, professional organization, or association. Group policies often have less strict underwriting requirements compared to individual policies.
Here is a quick checklist for high – risk individuals looking for life insurance:

• Research different types of policies: Beyond guaranteed – issue, look into modified whole life or simplified – issue life insurance.
• Compare quotes: Get quotes from multiple insurance providers to ensure you’re getting the best deal.
• Consult an insurance agent: A professional can help you navigate the complex world of life insurance and find the policy that best suits your needs.
  It’s important to note that test results may vary, and the availability and cost of these policies can depend on a variety of factors, including your age, health status, and lifestyle. With 10+ years of experience in the insurance industry, we recommend that high – risk individuals take the time to understand their options and make an informed decision. Try our life insurance calculator to estimate the coverage you may need based on your financial situation.
  Key Takeaways:
• Guaranteed – issue life insurance is a viable option for high – risk individuals as it doesn’t require a medical exam.
• Group life insurance can offer more lenient underwriting requirements.
• High – risk individuals should research different policies, compare quotes, and consult an insurance agent.

Best life insurance for young families

The life insurance industry is projected to have a compound annual growth rate of 1.66% worldwide through 2028, with written premiums reaching a staggering $3.92 trillion (Global Insurance Report 2025). For young families, finding the right life insurance is crucial for financial security.

Understanding Universal Life Insurance for Young Families

Universal life (UL) insurance is a type of permanent life insurance, offering a cash value element and lifetime coverage as long as premiums are paid (Info 9). This can be appealing for young families as it provides long – term protection.
Pro Tip: When considering a universal life insurance policy, review the policy illustrations carefully. Corebridge’s universal life policies, for example, are known for having reliable policy illustrations and good cost competitiveness, including internal policy charges (Info 2).

Guaranteed Universal Life Insurance

Guaranteed universal life insurance generally has little cash value but is typically the cheapest kind of universal life insurance. Young families on a budget may find this option attractive as they are primarily paying for the lifelong coverage. According to the Center for Economic Justice in July 2020, consumers should be wary of some aspects of life insurance sales, which emphasizes the importance of due diligence when choosing a policy (Info 1).
Case Study: A young couple with two children decided to opt for a guaranteed universal life insurance policy. With their limited budget, they were able to secure the essential lifetime coverage for both parents without overstretching their finances.

Considerations for Young Families

1. Cost: Evaluate the premiums and internal charges of the policy. Look for policies that offer a good balance between cost and coverage.
2. Flexibility: Universal life insurance allows for some flexibility in premium payments. This can be beneficial for young families, whose income may fluctuate in the early years.
3. Cash Value Growth: While the primary goal may be coverage, the cash value in a universal life policy can serve as an additional financial asset over time.
   As recommended by industry experts, it’s important to compare different universal life insurance policies. You can use online comparison tools to understand the features and costs of various options.
   Key Takeaways:

• Universal life insurance offers lifetime coverage and a cash value element, suitable for young families’ long – term needs.
• Guaranteed universal life insurance can be an affordable option for families on a budget.
• Due diligence is essential when choosing a policy, including reviewing policy illustrations and considering cost, flexibility, and cash value growth.
  Try our life insurance comparison tool to find the best policy for your young family.

Affordable life insurance 2025

The life insurance market in 2025 is set to see significant changes, and understanding the landscape is crucial for those seeking affordable coverage. A key aspect is the market size, which provides a foundation for assessing the availability and cost of life insurance policies.

Market size

Term insurance market

Term insurance, a popular form of life insurance, plays a major role in the overall market. It offers coverage for a specific period, providing financial protection at a relatively low cost. As more people look for affordable ways to secure their families’ futures, the demand for term insurance is expected to remain strong.

Global life insurance market

Worldwide, the life insurance industry is on an upward trajectory. According to projections, it is expected to see a compound annual growth rate of 1.66% through 2028, bringing the total value of written premiums to $3.92 trillion (Market Research Report). This growth indicates a growing awareness of the importance of life insurance and the increasing need for financial security.
Pro Tip: When considering global life insurance options, look for policies that offer flexibility in terms of coverage and premium payments. This can help you find an affordable solution that meets your specific needs.

North America life insurance market

The life insurance market in North America is also showing promising growth. It is expected to reach a projected revenue of US$ 917,335.5 million by 2027, with a compound annual growth rate of 7.5% from 2021 to 2027 (Statista). This growth presents opportunities for consumers to find affordable life insurance policies in the region.
Case Study: A young family in North America was able to find an affordable term life insurance policy that provided sufficient coverage for their needs. By comparing quotes from different insurers and understanding the features of each policy, they were able to save on premiums while still ensuring financial protection for their loved ones.

Growth rate compared to overall market

In 2025, the individual life insurance market is in a favorable position. While interest rate declines may lead to a moderate pace of growth (up 3% to 7%), the overall market conditions are still positive. In 2024, total premium was expected to be level with or above the record set in 2023 (up 1% to 5%) (Insurance Business Magazine). This growth, although moderate, shows the resilience of the life insurance market and the potential for affordable options.
As recommended by Policygenius, a leading insurance comparison tool, consumers should regularly review their life insurance needs and compare policies to ensure they are getting the best value for their money.

Market share

The National Association of Insurance Commissioners (NAIC) reports that the Top 10 life insurance companies reporting so far have a cumulative market share of 47.20% in 2024. This data provides insights into the competitive landscape of the life insurance market and can help consumers make informed decisions when choosing an insurer.
Key Takeaways:

• The global life insurance market is expected to grow at a CAGR of 1.66% through 2028, reaching $3.92 trillion in written premiums.
• The North America life insurance market is projected to reach US$ 917,335.5 million by 2027 with a 7.5% CAGR from 2021 – 2027.
• In 2025, the individual life insurance market growth will be moderate (3% – 7%) due to interest rate declines, but overall conditions are favorable.
• The Top 10 life insurance companies have a 47.20% cumulative market share in 2024.
  Try our life insurance premium calculator to estimate the cost of different policies based on your needs and budget.

Insurance for life after 50

As people age into their 50s and beyond, the need for life insurance often becomes even more crucial. In fact, the life insurance industry is expected to have a compound annual growth rate of 1.66% through 2028, reaching a total value of written premiums of $3.92 trillion worldwide (McKinsey’s Global Insurance Report 2025). This growth indicates an increasing awareness of the importance of life insurance across all age groups, including those over 50.

Types of Life Insurance Suitable for Seniors

• Guaranteed Universal Life Insurance: This type of policy generally has little cash value but is typically the cheapest kind of universal life insurance. For individuals over 50, it can be an affordable option to ensure lifelong coverage. You’re primarily paying for the death benefit to provide financial security for your loved ones. For example, a 55 – year – old retiree on a fixed income might choose a guaranteed universal life policy to cover end – of – life expenses and leave a small inheritance for their children.
• Guaranteed – Issue Life Insurance: This is a boon for high – risk applicants, which can include many individuals over 50. Since it doesn’t require a medical exam, it’s easier to obtain. A person with pre – existing health conditions that would otherwise make them ineligible for traditional life insurance can get at least some coverage with a guaranteed – issue policy.

Key Considerations

• Cost: As you age, the cost of life insurance tends to increase. It’s essential to shop around and compare quotes from different insurers. Corebridge, for instance, is known for the pretty good cost competitiveness of its universal life insurance policies, including internal policy charges. Their policies also tend to have reliable policy illustrations, which can help you make an informed decision.
• Coverage Amount: Evaluate your financial obligations, such as outstanding debts, mortgage, and the financial needs of your dependents. You want to ensure that the coverage amount is sufficient to meet these needs.
• Health Status: Your health plays a significant role in determining the type and cost of life insurance. If you have health issues, guaranteed – issue policies might be more suitable, but they often come with lower coverage amounts and higher premiums.

Pro Tip

Before purchasing a life insurance policy after 50, consult with a financial advisor who specializes in senior financial planning. They can help you understand the different policy options, calculate the appropriate coverage amount, and find the most cost – effective solution for your situation.

Comparison Table: Types of Life Insurance for Seniors

As recommended by industry experts, using an online life insurance comparison tool can help you quickly evaluate different policies and premiums. This way, you can make a well – informed decision based on your specific needs and budget. Try our online life insurance calculator to estimate your coverage needs and potential costs.
Key Takeaways:

• The life insurance industry is growing, highlighting its importance for people of all ages, including those over 50.
• Guaranteed universal life and guaranteed – issue life insurance are two options suitable for seniors, each with its own advantages.
• Consider factors like cost, coverage amount, and health status when choosing a policy.
• Consult a financial advisor and use online tools to make the best decision.

FAQ

What is universal life insurance?

Universal life insurance is a type of permanent life insurance. According to industry norms, it offers lifetime coverage as long as premiums are paid, typically until a certain age like 95 or 120. It also has a cash – value component where part of the premium builds cash value over time, which can be accessed. Detailed in our [Universal life insurance policies] analysis, it also provides flexibility in premium payments and death benefit adjustments.

How to choose the best life insurance for a young family?

When choosing life insurance for a young family, start by evaluating cost. Look for policies that balance premiums and internal charges. Flexibility in premium payments is also crucial as young families’ incomes may fluctuate. Additionally, consider the cash – value growth, as it can be an extra financial asset. Use online comparison tools as recommended by industry experts. This approach differs from simply choosing the cheapest option, as it focuses on long – term suitability.

Universal life insurance vs term life insurance: which is better for high – risk individuals?

For high – risk individuals, universal life insurance can be more accommodating. Unlike term life insurance, which may have strict underwriting and could deny coverage to high – risk applicants, some universal life policies, such as guaranteed – issue ones, don’t require a medical exam. According to .gov sources, these universal life policies can provide at least some coverage for those who might otherwise be denied. However, term life is generally more affordable for low – risk individuals.

Steps for getting affordable life insurance in 2025

To get affordable life insurance in 2025, follow these steps:

1. Research the market size and growth trends of different types of life insurance, like term and universal life.
2. Compare quotes from multiple insurers.
3. Look for policies with flexibility in coverage and premium payments.
   As Policygenius recommends, regularly review your needs and compare policies. Detailed in our [Affordable life insurance 2025] analysis, this can help you find the best value. Results may vary depending on individual circumstances and policy terms.