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Financial Freedom Is Merely Organized Common Sense
Tag: insurance
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The potential cost of catastrophe is part of the all-in cost of car ownership. Insurance is merely how you deal with it.
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Promises and Their Value
Most financial tools are merely promises. Many are treated as a certainty. My bank promises to give my money back some day, possibly with a little interest added. A pension plan is a promise to pay money at some time in the future. An… Continue Reading “Promises and Their Value”
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Insure Valuable Assets
Today I heard a radio ad for a casualty insurance broker. The gist of it was, “Your home is your most valuable asset and you should use our services to make sure it is covered properly.” That is good advice. You should take care… Continue Reading “Insure Valuable Assets”
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Thinking Gets In The Way Sometimes
Rare events are usually noticed, probably because they are newsworthy. Especially spectacular ones like plane crashes, earthquakes and fires. Rare has emotional context. The event is interesting, exciting or sometimes horrifying. As a result people think rare events are more likely to occur than… Continue Reading “Thinking Gets In The Way Sometimes”
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You Decide
The purchase or non-purchase of insurance could be either rational or irrational depending on how you view the question. I find that when faced with a situation like this it helps to create a 2×2 matrix and look at the characteristics of each cell… Continue Reading “You Decide”
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What Is Your Value Added?
It never ceases to amaze me how life converges. It is rare to find a subject that is interesting that something else does not soon appear in the same vein. For example, in the morning I read an article about casualty insurance that is… Continue Reading “What Is Your Value Added?”
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Why Critical Illness Insurance
Critical Illness insurance has been around for 25 years or so and it is still misunderstood by many. Regular disability insurance provides monthly income. Why bother with it? Monthly income is good but some illnesses and conditions have an upfront capital component that is… Continue Reading “Why Critical Illness Insurance”
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Insurance Poor
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”
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Should You Read An Insurance Policy?
Why is an insurance policy 25 pages of not very big print? There are many reasons, and when you think about it they make some sense. As a policy owner, you want to be paid for your losses and you want to pay the… Continue Reading “Should You Read An Insurance Policy?”
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