Tag: insurance

Insurance. What’s It For?


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?”

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?”

A View of Financial Plannning


Financial planning does not work the way most people think.  At least not in the beginning.  Financial planning is not about making you wealthy or even secure. It is about getting the most of what you want by using the least of the resources… Continue Reading “A View of Financial Plannning”

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?”

Thinking About Risk – Catastrophic


Catastrophic risk is the condition that appears when the result is not because of volatility. It happens or it does not happen. With investment risk, you manage the process to more closely match your objective. Like adjusting the steering wheel when you are driving.… Continue Reading “Thinking About Risk – Catastrophic”

Why We Have Insurance


Can we be safe? Really?? I wonder. I have noticed the Lac Megantic rail tragedy, the Calgary flood, the 777 crash in San Francisco that Sheryl Sandberg missed by a fluke, and the untimely deaths of James Gandolfini and several children left in overheated… Continue Reading “Why We Have Insurance”

Think About Critical Illness Insurance


Critical illness insurance is a conceptually simple insurance product.  If you are diagnosed with one of stroke, heart attack or cancer, the insurer will write a check to help you deal with the problems that have arisen.  Of course there are some definitional things… Continue Reading “Think About Critical Illness Insurance”

What Is Insurance For?


People often do not own a proper insurance portfolio because they do not know what insurance is for. I own casualty insurance like car, house, liability and group health but I don’t know as much about those as a specialist would. You should review… Continue Reading “What Is Insurance For?”

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?”

%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this: