Millennials have reached the point in their lives where they’re beginning to leave the nest and become a person of their own. Soon, they’ll be taking out student loans, going apartment hunting, and, most importantly, building a safety net to protect them from the harshness of the “real world”. All of this can seem like a daunting task, but with quality information behind you, you can navigate through life and avoid ending up back at your parent’s house.

Your insurance plan acts as the harness that protects you from falling too far. With that being said, you don’t want to cut too many corners when choosing this lifeline. Before beginning the process, you should take time to determine which areas of your life carry the most risk and base your coverage around them. This saves you from wasting resources on areas of your life where you aren’t that risky and protects you in the places you need it.

You’re young and invincible; But should you get life insurance? It’s never a bad idea to have, and it’s even cheaper to sign up for when you’re healthy. This can assist your loved ones in the event of your absence, so it’s a good idea to consider factoring it into your budget if you’re able. Although it may seem like it’ll never happen, preparing yourself for the worst-case scenario can be beneficial for your future.

Lastly, don’t forget to ask questions! Millennials are, unfortunately, at an information disadvantage, but by asking questions and familiarizing yourself with the world around you, you can arm yourself with the knowledge you need to succeed.