What Is Insurance

Our next four postings will deal with risk, and in particular, the concept of risk transfer via insurance. Everyone on earth faces risks of various kinds. Premature death, loss of a dwelling, liability for causing a loss to another party, inability to perform activities of daily living and suffering a severe financial loss are only some of the risks we encounter in life. We may have choices to (1) Retain the risk (2) Avoid the risk (3) Reduce the risk and (4) Transfer the risk to another party. Insurance involves option #4 in that it allows us to bring in another entity which will assume some of the financial burden caused by the catastrophic event.

Have A Plan For Care

Planning, planning, planning. It seems like that’s all we hear about these days. Career planning, family planning, financial planning, retirement planning. Then what? What do we plan for after planning for retirement?

Long-Term Care

When people consider the subject of long-term care, they often think about nursing homes. In fact, long-term care has little to do with nursing homes. Understanding the difference can help you protect your family and finances.

Money in Hand