We all will live in a future we cannot predict.
Disability income insurance is good value
Life insurance is the least costly way to put cash in your estate. Provably so.
Underwriting policies is expensive so some insurers think why pay for all those people who will live?
Insurance premiums are not the real cost. The loss is the real cost, but probabilistic.
People are more exposed to risk of loss than they normally believe. If they knew to do it, they could neutralize some of the risks with insurance. The risks that I can deal with relate to loss of income for someone who operates a… Continue Reading “Playing The Odds”
People make insurance mistakes in three ways. People who make the mistakes are generally considered to be insurance poor. Consider an accidental death policy. Sometimes it is double or triple indemnity on a regular life insurance policy. The three mistakes: Overvalue the coverage, or… Continue Reading “Insurance Poor”
It is possible that bank offered, creditor life insurance is not the worst deal you can ever make, but it should be in the conversation. Ellen Roseman’s recent column in the Toronto Star is revealing. Bank’s mortgage life insurance has flaws I talked to… Continue Reading “Bank Offered Insurance Is A Bad Deal”
Insurance is to provide cash to replace an asset that has been lost due to some covered condition. People seem to understand that when they are buying fire insurance on their house. Collision damage and theft insurance on their car are clear too. Same… Continue Reading “Insurance. What’s It For?”
In the preparation of financial statements there is an assumption that investors seem to misunderstand. It is the “going concern” concept. An auditor is required to satisfy themselves that the business will continue to operate for at least 12 months. The reason behind that… Continue Reading “There Are Two Ways To Be Insurance Poor”