If you just passed the NCLEX, life insurance is probably the last thing on your mind — and that is exactly why now is the best time to get it. New grad nurses are young, healthy, and at the cheapest they will ever be to insure. Lock in a rate now and you keep it for decades. Here is what new nurses need to know.
Why buy as a new grad
- You are at your cheapest. Level-premium policies fix your rate at today's age. A policy bought at 23 costs far less than the same policy at 40 — for life.
- Student loans do not always disappear. Private nursing-school loans may not be forgiven at death and can fall to a co-signer (often a parent). Coverage protects them.
- Insurability is not guaranteed forever. Buying while you are healthy locks in coverage even if your health changes later.
How much does a new nurse need?
It depends on your situation, but a common starting point is enough to clear your student loans plus a few years of income. For many new grads that is a modest, very affordable term policy — often paired with a small permanent base.
You do not have to wait until you are licensed. Nursing students with private loans and a co-signer have the same reason to get covered — arguably more.
It is more affordable than you think
Because new nurses are young and healthy, term coverage is usually inexpensive, and most qualify with no medical exam. See what coverage costs for nurses for the full picture.
Getting started
It takes a few minutes and there is no exam to schedule. Start on the nurse coverage page and a licensed agent will size it to your loans and budget.
Frequently Asked Questions
Should a new grad nurse get life insurance?
Yes, if anyone depends on you or you have co-signed student loans. New grads are young and healthy, so it is the cheapest it will ever be — and a level-premium policy locks that rate in for life.
Are nursing student loans forgiven at death?
Federal loans usually are, but private nursing-school loans often are not and can pass to a co-signer such as a parent. Life insurance can be sized to clear them.
How much life insurance does a new nurse need?
A common starting point is enough to cover your student loans plus a few years of income. For most new grads that is an affordable term policy, sometimes with a small permanent base.
Can nursing students get life insurance?
Yes. You do not have to wait until you are licensed — students with private loans and a co-signer have a strong reason to get covered early.
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