Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
It's going to depend on a number of factors including whether the 18 year old is a male or female, their medical history, height/weight profile, any tobacco usage, the amount of coverage you're looking to secure and how long you want it guaranteed for.
Many individuals look at securing a guaranteed universal life or whole life policy for an individual at such a young age as they can reasonably expect to live for a long time, meaning the rates are much much lower than someone who is in their 30's, 50's, 60's, etc., where the number of years of remaining life expectancy would be less.
Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs. You can send me a private message by clicking on the "contact me" button if you would like assistance with your and your family's life insurance needs.
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Many individuals look at securing a guaranteed universal life or whole life policy for an individual at such a young age as they can reasonably expect to live for a long time, meaning the rates are much much lower than someone who is in their 30's, 50's, 60's, etc., where the number of years of remaining life expectancy would be less.
Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs. You can send me a private message by clicking on the "contact me" button if you would like assistance with your and your family's life insurance needs.