Journey/Young Adult/Protect Your Income First
Young Adult · Ages 18–29 · 6 min

Protect Your Income First

Your income is your most valuable asset — not your car, not your phone. A 25-year-old earning $50k/year will earn $2M+ over a career. One disability, one death, and that machine stops. Protection comes before accumulation.

Key Decisions at This Stage
Get term life insurance if anyone depends on your income.
Check if your employer offers disability coverage — and if it's enough.
Decide your coverage amount: 10–12x your annual income.
Term life insurance
Pure protection for a set period (10/20/30 years). Low cost. If you die during the term, your family receives the benefit. Best starting point for young families.
Income replacement ratio
How much of your current income your family would need to maintain their lifestyle. Typically 70–80%.
Beneficiary
The person who receives your insurance benefit. Name them explicitly. Failing to update this is one of the most common and costly mistakes.
1
Get a free term life quote — takes 10 minutes.
2
Review your employer's group life coverage (usually 1x salary — often not enough).
3
Name or review your beneficiaries on all accounts.

Want a personalized plan?

Connect with a licensed agent who can apply these concepts to your specific numbers.

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Your First Investment Moves