Don’t Waste Money on Unnecessary Insurance

Direct consolidation loans can help people repay student debt.
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“The biggest mistake I see millennials making is being duped by insurance salesmen,” Andy Yadro, a financial planner with Googins Advisors in Madison, Wisconsin, told us. “Everyone needs insurance, but a very small subset of young people need the insurance that is sold by most ‘financial advisors.’”

You might still consider a basic life insurance policy, which can be useful if you have loved ones who rely on your income — a significant other, a child or even a relative you help out financially. A company like PolicyGenius offers you an easy way to compare and buy life insurance. Unlike traditional providers, this online-only platform provides an easy way to apply, and it offers instant quotes from top carriers online to help you make a quicker decision.

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