Millennials, also known as Gen-Yers, born between the early 1980s and early in this century, often fail to see insurance as part of their young-adult financial picture. Wrong: Despite saving fledgling paychecks, rookie investing and whittling student debt, insurance must figure highly in their financial planning. Here’s why.
Every person’s situation differs, so work with a financial planner to make sure you carry appropriate coverage. Many young adults unready to invest in a planner still benefit from learning basic insurance guidelines on where to start.