Many millennials aren’t living the traditional lifestyles other 20 and 20 year old’s have lived in the past. Taking the needed actions to get life insurance is just one of the things many of them aren’t doing. The best time to consider life insurance is when you are still young and healthy! Since your young years are usually also your healthier years, life insurance is much cheaper to get. Another non-traditional thing many millennials are doing is starting their own business. This another reason millennials should consider life insurance. Life insurance plans can help millennials protect their business if needed. There’s two types of insurance they should know about, term insurance and permanent insurance. Term insurance provides coverage for a certain period of time. This is the most affordable type of insurance. Permanent insurance is more expensive but is permanent.