As a millennial, there are many things to think about, but one thing that should be on the top of your mind is life insurance. Clark Howard, Money Expert at Clark.com joins Your Cheddar to discuss why it's so important to cover yourself at an early age. So what events could justify buying life insurance? Howard says getting married and having a baby are two big ones. However, you should also think about it if you take on unsecured or secured debt with a co-signer. And when you start looking at coverage he suggests you buy six to 10 times your annual income. But what type of life insurance should you go with? Howard explains the difference between term and whole life insurance. He does suggest the best option is level term insurance. Level term means you pay one flat rate year after year for the length of the policy. This policy will replace your income should you die prematurely.

Share:
More In Culture
One Good Thing: Accidental 911 Call Ends in A Hug
The story started as an accidental 911 call, but then it ended up in a hug. The Hillsborough County Sheriff's office in Florida responded to a 911 call from a young boy who wasn't facing any emergency. Instead, he was asking to give police a hug.
Is There Such a Thing As Too Many Showers?
There could be such a thing as being too clean after heated debates on social media about how often you should shower. Dermatologists and other health experts are now weighing in, saying while showering every day is a must, some experts say it may not be good for your health to shower too often.
Load More