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
Cheddar Paws: Animal Medium Communicates With Pets
Nancy Mello, an animal communicator with Medium, joined Cheddar News to discuss how her love of animals led to a change from doing readings with people and spoke of her experiences and the process of helping animals. Mello also does a live pet reading in studio.
On the Scene: Statue of Liberty
The Statue of Liberty is one of the most famous attractions in New York City but there's a lot more to this landmark than one may think. Rafael Abreu, vice president of marketing with Statue City Cruises, spoke with Cheddar News to discuss the park's operations and Park Ranger Laurel Brierly also joined from inside the statue's famed crown to talk about visiting the landmark.
An Inside Look at DIBS Beauty With Co-Founder Jeff Lee
Jeff Lee, CEO and co-founder of the DIBS Beauty brand, which is a finalist in the CEW Beauty Awards' make-up tools category, spoke with Cheddar News to discuss his background, career, and success in fashion -- and eventually working with baseball great Alex Rodriguez and influencer Courtney Shields -- after a career as a corporate lawyer.
Load More