Tag: insurance poor

Insurance. What’s It For?


Insurance Poor is everywhere.  Insurance poor can mean one of two things.  A) I am paying too much premium for the benefits I receive and I am therefore insurance poor.  Or B)  I have too little insurance and my family will be poor if… Continue Reading “Insurance. What’s It For?”

What Does Insurance Poor Mean?


You are insurance poor if you have insurance that costs more than it is worth to you, or if you have too little of some insurance that has value for you.  The are ways to cure the problem. Step 1.  Understand your assets and… Continue Reading “What Does Insurance Poor Mean?”

What If Stupid Hurt?


Why do people put off the decision to own life insurance?  Pretty simple really.  There is a cost but no benefit to the present self and a benefit for the future self that cannot be enjoyed by the present self.  In these situations the… Continue Reading “What If Stupid Hurt?”

What Does Insurance Do?


An interesting question and if you ask 50 people, I doubt you will get 50 coherent answers. Maybe not 20. People often own insurance because they think they are supposed to, or because their spouse thinks they are supposed to, or because the government… Continue Reading “What Does Insurance Do?”

Bank Offered Life Insurance


There was a sign in a variety store near my old home. “We have a deal with the bank. We don’t cash checks or give credit and they don’t sell groceries” That seems a fair division of duties. However, unlike groceries, banks will get… Continue Reading “Bank Offered Life Insurance”

Life Insurance Lets You Die Neat


Will Rogers once said that, “Just because a thing is common sense, does not mean it will be common practice.” Not much has changed in the 80 years since. As an example, the most valuable asset most people have is the ability to earn… Continue Reading “Life Insurance Lets You Die Neat”

What Should I Insure?


Insurance poor is a bad idea. So is poor because I had too little or none. There is a way to think about it. Future unknown losses fall into four categories. The defining elements are the cost of the loss and the probability of… Continue Reading “What Should I Insure?”

What Is “Insurance Poor”?


Anyone can be insurance poor. Maybe everyone is. You could be insurance poor by paying too much premium each month. Or, it could be your future self or estate who is insurance poor because the claim received because of your death or disability is… Continue Reading “What Is “Insurance Poor”?”

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