December 9, 2014 Admin | December 9, 2014 When considering the issue of insurance, what are your primary concerns? How do you go about answering them?
3 thoughts on “December 9, 2014”
You should only get insurance that will protect you from catastrophes that could ruin you financially. You need to step back and relay think about what you are at risk of loosing. If you have dependents who then you might want to consider term life insurance until your dependents are old enough to take care of themselves. Only if you have Avery expensive car should you have any insurance instead of liability insurance because you would be better off saving the money you aren’t paying for insurance and investing it. You shouldn’t get insurance for every little thing that could happen because they realistically won’t happen.
You should focus on catastrophes, if it is something that will shake your world down to the core then you should insure for it. Such as fire, medical, death and liabilities. If it is something you can cover with your saving account if it happens then you dont need insurance with it. You should have a high deducible on your insurances so your premiums are lower. You can cover the deducible from your emergency account also. Your emergency acount should be somewhere that you can get to it quickly thats getting a decent return such as a bond acount at Vanguard.
Well said, gentlemen. I have nothing to add.