Life Insurance Guide for Adult Children (2025)

If you’re still providing financial support to your adult children, you may want to consider buying life insurance for adult children. Even if parents don’t like to plan for a child’s death, it is better to be prepared just in case than to not have life insurance when it is needed.

Below, we’ll discuss the basics of why life insurance for adult children is helpful, how much it may cost, and how to go about buying it.

To get adult children life insurance quotes, enter your ZIP code into our free quote comparison tool above.

Should I get life insurance for my child?

In some cases, buying life insurance for your adult child may benefit both you and your child.

Even though your child has turned 18, you may still help support them financially, which means you may also be responsible for paying funeral or burial costs if they were to pass away.

Your child may also be interested in protecting themselves and their family but may not be able to afford it. Therefore, you may choose to take out a life insurance policy for them and lessen the premiums’ financial burden.

How much is life insurance for adult children?

Adult children life insurance rates will depend largely on the risk factors incurred by your child, such as their age, gender, health, location, and more. Take a look at some sample life insurance rates to get an idea of what you could pay:

Sample Annual Life Insurance Rates from Top Life Insurance Companies by Age, Gender, and Marital Status (Non-Smoker)

When you’re shopping for life insurance, you should compare quotes from multiple companies to make sure you’re getting the best rate.

Read more: Best Life Insurance Policies for Children

Case Studies: Life Insurance for Adult Children

Case Study 1: Life Insurance for Adult Children

John and Sarah have been supporting their adult son, David, who is currently in college. They understand the financial responsibilities that come with providing for their child, even as he reaches adulthood. Concerned about the potential financial burden in the unfortunate event of David’s death, they decide to explore life insurance options for him.

By purchasing a life insurance policy, they can ensure that they will have the necessary funds to cover funeral or burial costs and alleviate any financial strain during such a difficult time.

Read more: Best Life Insurance Policies for College Students

Case Study 2: Affordable Life Insurance for Adult Children

Mark, a single parent, wants to secure his adult daughter Emily’s financial future. Emily has recently started her own business, and Mark recognizes the importance of having life insurance coverage in place. However, he also wants to find an affordable option that fits within their budget. (For more information, read our “How much life insurance coverage do you need?“).

Mark takes the time to compare quotes from multiple insurance companies, carefully considering the coverage and premiums offered. Through his research, he finds a suitable life insurance policy for Emily that provides the necessary coverage at a cost they can afford.

Case Study 3: Life Insurance for Adult Children of Aging Parents

Lisa has taken on the responsibility of providing financial support to her aging parents. As they grow older, Lisa becomes increasingly aware of the potential financial implications in the event of their passing.

She decides to explore life insurance options for them to ensure that she will have the necessary funds to handle any funeral or burial expenses and other financial obligations that may arise. With her parents’ consent, Lisa purchases a life insurance policy on their behalf, providing her with peace of mind and financial security for the future.

Read more: Best Life Insurance Policies for Parents

How can I buy life insurance for adult children?

It is generally easy to buy life insurance for adult children. They will have to sign the life insurance application and either answer health questions or take a medical exam. (For more information, read our “Is buying life insurance worth the cost?“).

On the other hand, you’ll have control over many insurance policy terms, such as the amount of coverage, paying the premiums, and deciding the beneficiaries.

The most important part of the process is making sure you have consent from your child.

Speaking with an agent or broker can help you determine what kind of grown children life insurance policy to get.

If you need help finding affordable life insurance for adult children, enter your ZIP code into our free quote comparison tool below to compare grown children quotes today.