YOU ASK:

What is the best life insurance for a 28-year-old male?

WE ANSWER:

Actually, the answer to this would be to ask your life insurance agent.

Each person's financial and health situation is unique and so the insurance agent has to know the details before he can recommend the best insurance product to fit your needs.

That said, you can consider these products:

Term life insurance is cheap and enables you to get high coverage without paying for too much.
At your age, we are assuming that you are just starting in your career and may have only a small percent of your budget to set aside from insurance premiums. This makes term life insurance ideal.

However, there are no cash values accumulated and the premiums become more expensive as you get older. Also, there is a distinct possibility that you may outlive the coverage. When that happens, you stand to receive nothing by way of living benefits.
Whole life insurance is more expensive, and with people in the late 30's bracket, who are just starting to move up in their career, you may not afford high coverage levels because of the high premiums.
However, there is an investment component to this kind of life insurance product so that you get to earn dividends. With this kind of policy, you should be able to have some savings, even as you have insurance coverage. The coverage of the whole life insurance will last for your lifetime, as long as you pay the premiums as scheduled.

Again, have a talk with your life insurance agent, so that you are sure as to the best life insurance policy to get. The good thing about being young is that you will relatively good health and that you will enjoy highly affordable premiums whatever product you decide to buy.

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