Millennials Get the Best Life Insurance Rates & Don't Even Know It!

Guest post

Today, we have a guest post from Danielle YB Vason of SheMakesCents. This opportunity came up courtesy of HealthIQ, a company that is focused on getting lower health insurance rates for health-conscious folks.

This post focuses on life insurance. Is it right for you? Well, frankly, it depends on your situation. If you have family members that depend on your income (in part or entirely), and/or if you have co-signers on student loans, then life insurance may be a good option for you to financially protect your family against disaster. Life insurance will only get more expensive as you get older!

However, if you do not have a family or student loan debt, then who would be the beneficiary of your life insurance policy? And why? So, as with all insurance products, your personal situation dictates whether it's a smart move or a rip-off.

Danielle's own post, with more detail on the topic, is available here.

Millennials Get the Best Rates on Life Insurance & Don’t Even Know It

                                                              —Danielle YB Vason, SheMakesCents

When you hear the term “life insurance,” what comes to mind?  Is it your parents’ and grandparents’ generation?  Is it a sad thought like death or the process of planning a funeral?  Or, is it something that you have on your to-do list to understand when you are “older” because you are not in that headspace right now?  

Why Being Cheap Costs More

Think being tight-fisted will save you money? Think again!

The difference between frugal and cheap is all in your head.

Well, more accurately, it's in your mindset!

'Just a few easy payments!'

Aaron’s is a particularly well-known and successful example of the “just a few easy payments!” method of ownership. You pay the store a monthly payment for a set period of time; say, 12 months--and it’s yours! You take it home, use it, live in it...and, at first blush, this may seem like a good idea--particularly for expensive stuff that you don’t want to purchase up front, like living room sets, TVs, fridges, and so on. You pay a seemingly reasonable rate for a few months, instead of dropping over a thousand dollars all at once. 

But it’s really an insidious way to make more money off of unsuspecting consumers.