article by Sherelyn Schoch, published on March 12, 2025
Graduating high school is a milestone filled with excitement—new beginnings, college plans, or stepping into the workforce. Amid the celebration, life insurance might not be the first thing on a senior’s mind – or their parent’s minds! As a mom of two young adults, I know firsthand the whirlwind of emotions the next few months will bring—rushing moments, overwhelming information, tears of joy and (possibly?) frustration, and an immense sense of pride. However, for young adults and their families, it’s a practical and forward-thinking step worth considering. At our office, we believe that securing life insurance early can provide peace of mind and financial stability as you and your son or daughter embark on this next exciting chapter. Here’s why life insurance matters for a graduating high school senior and how it can set them up for success.

 

Why Life Insurance at 18?

 

At 18, you’re likely feeling invincible—healthy, ambitious, and ready to take on the world. So why think about life insurance now? The truth is, starting early offers unique advantages that can benefit you and your family for years to come:
  • Affordable Premiums: Youth and good health translate to lower rates. Locking in a life insurance policy now means securing some of the cheapest premiums for which you’ll ever qualify. At Yetter Insurance Agency, we’ve seen how waiting even a few years can increase costs as health changes or responsibilities grow.
  • Financial Safety Net: Many seniors take on student loans or co-signed debts for college. If something unexpected happens, life insurance can help cover those obligations, protecting your parents or guardians from financial strain.
  • Future Insurability: Life is unpredictable. A policy now ensures you’re covered even if health issues arise later, making getting insured harder or more expensive. Think of it as a safeguard for your future self.
  • Building Cash Value: Certain policies, like whole life insurance, accumulate cash value over time. Starting young gives that value decades to grow, offering a resource for emergencies, a home down payment, or other big goals.  I often recommend a combination of whole (or universal) life insurance and term insurance.
Real-Life Scenarios for Seniors
Consider these situations where life insurance could make a difference:
  • Student Loan Protection: If you’re heading to college with loans co-signed by your parents, your passing could leave them responsible for the debt. A term life policy  can cover that amount, easing their burden.
  • Supporting Family: Maybe you’re entering the workforce to help out at home. Life insurance ensures your family isn’t left struggling if you’re no longer there to contribute.
  • Peace of Mind: As you chase your dreams—whether it’s travel, entrepreneurship, or higher education—knowing you’ve got a backup plan lets you focus on what’s ahead.
Types of Life Insurance for Young Adults
Our goal is to tailor life insurance to fit your stage of life. Here are two options ideal for graduating seniors:
  1. Term Life Insurance
    • What It Is: Affordable coverage for a set period (e.g., 10, 20, or 30 years).
    • Why It Works: Perfect if you want low-cost protection during college or early career years. For example, a $100,000 policy could cover student loans or provide a cushion for your family.
    • Cost: For a healthy 18-year-old, premiums might be as low as $10–$20 a month—less than a streaming subscription!
  2. Whole Life Insurance
    • What It Is: Lifelong coverage with a cash value component that grows over time.
    • Why It Works: It’s an investment in your future. The cash value can be borrowed against later for big expenses, and starting now maximizes growth. Plus, your premium stays locked in.
    • Cost: Higher than term—around $50–$100 monthly for a modest policy—but worth it for the long-term benefits.
Why Act Now?
The transition from high school to adulthood is a perfect time to establish smart habits, and life insurance is one of them. Here’s why waiting isn’t the best move:
  • Health Advantage: At 18, you’re likely in peak health, qualifying you for the best rates. A simple medical exam (or even no-exam policies that we offer through Erie Insurance) can seal the deal.
  • Habit of Responsibility: Starting a policy now builds financial discipline, setting the tone for managing money as an adult.
  • Family Protection: If tragedy strikes, your loved ones won’t face added stress. It’s a small gesture with a big impact.
How We Can Help
Getting started is easier than you think, and we’re here to make it seamless:
  1. Personalized Guidance: We’ll sit down with you and your family to explore your goals—college, career, or both—and recommend the right policy.
  2. Affordable Options: We’ll find plans that fit a young adult’s budget, with flexible terms and coverage amounts.
  3. Quick Process: Many of our policies require minimal paperwork, and some skip the medical exam entirely.
  4. Ongoing Support: As your life evolves—new job, marriage, kids—we’ll adjust your coverage to keep pace.
A Graduation Gift That Lasts
Parents, consider gifting your graduating senior a life insurance policy. It’s more than a present—it’s a foundation for their future, offering security and a head start on financial planning. For seniors, taking this step yourself shows maturity and foresight, qualities that will carry you far.
I talk about life insurance – a lot!!  There is a reason for that…We’re passionate about helping young adults launch into adulthood with confidence. Life insurance might not be as flashy as a new laptop or car, but it’s a tool that grows with you, protecting your dreams and those you love. Contact us today to chat with one of our friendly agents—let’s make this graduation season the start of something secure and smart!  I’ll make it a little easier – click here to schedule an in-person, zoom, or phone call appointment!