Many Millennials and Gen Z believe life insurance is too expensive for their budgets. In reality, life insurance for Millennials and Gen Z is often more affordable than they expect, especially when purchased at a younger age. As an independent insurance agent, understanding their concerns and providing clear, relatable information can help you connect with this audience and show them the value of coverage.
Overcoming the “I Don’t Need It” Mindset
One of the biggest hurdles with Millennials and Gen Z is that many don’t see the need for life insurance. They’re young, often single, and may not have dependents. However, this is actually the perfect time to get coverage. Locking in a policy early means lower premiums and long-term financial security.

Explaining the benefits of life insurance for Millennials and Gen Z in simple terms—like how it protects loved ones, covers debts, or even builds cash value—can make a big difference. Many don’t realize that student loans, mortgages, and even funeral costs could leave their families with financial burdens.
The Affordability Factor
A common misconception among younger generations is that life insurance is expensive. In reality, a healthy 25-year-old can get a term life insurance policy for less than the cost of a monthly streaming subscription. Breaking down costs in relatable terms helps potential clients see that life insurance for Millennials and Gen Z is a smart financial move, not a luxury.
Term life insurance is an easy sell to this demographic because it offers high coverage at a low cost. While permanent life insurance has its advantages, many young adults are more receptive to affordable, straightforward options.
Customizing Coverage to Fit Their Lifestyle
Millennials and Gen Z value flexibility and personalization. They don’t want a one-size-fits-all approach, and they appreciate policies that align with their financial goals. As an agent, offering tailored solutions—like term life with the option to convert to permanent coverage later—makes life insurance feel more adaptable to their future.
Another great approach is highlighting how life insurance for Millennials and Gen Z can serve different purposes. It’s not just about dependents; it’s also about ensuring financial stability, covering co-signed debt, and even leaving a financial legacy.

Digital Accessibility Matters
These generations grew up with technology, so the traditional paper-heavy application process can feel outdated. Simplifying the buying process by offering online applications, quick quotes, and digital communication makes life insurance for Millennials and Gen Z far more appealing. If your agency hasn’t already embraced digital tools, now is the time to adapt.
Social media, blogs, and email newsletters are excellent ways to educate younger audiences and build trust. Transparency is key—providing easy-to-understand content about policies and pricing helps remove the fear of the unknown.
Breaking the “Too Complicated” Barrier
Many younger adults assume life insurance is difficult to understand. As an agent, your job is to simplify it. Avoid industry jargon and focus on relatable examples. A simple phrase like, “For the price of two coffees a month, you can protect your family’s future,” resonates far more than a complex explanation of policy structures.
The easier you make it for Millennials and Gen Z to understand their options, the more likely they are to take action. Using real-life stories and testimonials from people their age who have benefited from life insurance also helps reinforce its value.
The Importance of Starting the Conversation
Many Millennials and Gen Z won’t come to you asking for life insurance. They may not even be thinking about it. That’s why it’s up to agents to start the conversation in a way that feels natural and relevant. Engaging with them through financial planning discussions, debt management strategies, or even major life events—like getting married or buying a home—can open the door to meaningful conversations about coverage.

By positioning life insurance for Millennials and Gen Z as an affordable, practical investment in their future, you can help them see it as a smart decision rather than an unnecessary expense. Educate them, simplify the process, and meet them where they are—online and on their terms.
Independent insurance agents who take the time to understand younger generations’ concerns and priorities will have a better chance of successfully selling life insurance to them. The key is to break through misconceptions, offer affordable solutions, and make the process as simple and accessible as possible. Millennials and Gen Z may not always think about life insurance, but with the right approach, they’ll see that it’s more affordable—and valuable—than they ever imagined.