Insurance and Risk Management

Contrary to what the industry wants you to believe, we do not consider insurance products as investment — instead they are expenses with the specific purpose of managing your risk and that is why we group this together with the broader topic of risk management under expense management. Additionally, check out these related sections: budgeting, smart spending, and taxes.

Insurance and Risk Management is a subsection of expense management.

5 Tips for Buying Your Own Private Health Insurance

5 Tips for Buying Your Own Private Health Insurance

In the United States, health care insurance is necessary to help offset the medical expenses that continues to climb each year.  The seemingly endless rise in the cost of doctor’s visits, medications and medical procedures makes […]

Term Life vs Whole Life Insurance: Which One is Better for You?

Term Life vs Whole Life Insurance: Which One is Better for You?

This is a recurring debate – should you buy insurance on the cheap, through a term policy, or should you opt for whole life insurance with its cash value/investment feature and coverage for life? The answer […]

Liability, Collision, and Comprehensive Auto Insurance Explained

Liability, Collision, and Comprehensive Auto Insurance Explained

When buying auto insurance, you need to know the differences between your coverage options. Understanding what different types of coverage are included in your policy can help you make better decisions about protecting your car and […]

Where to Find Affordable Health Insurance for Seniors

Where to Find Affordable Health Insurance for Seniors

Because health insurance is so often tied to a job, seniors have a hard time finding affordable health care options. One of the issues faced by many seniors is that they aren’t eligible for Medicare until […]

5 Things to Consider When Choosing a Health Insurance Plan

5 Things to Consider When Choosing a Health Insurance Plan

Health care can get expensive, especially if you run into an unexpected medical emergency. Even with health insurance, the costs can be difficult to bear. Without insurance, the costs are practically impossible to manage if you […]

Why Whole Life Insurance Works Better for Kids

Why Whole Life Insurance Works Better for Kids

The chorus that can be heard from financial planners recommending against buying whole life insurance is deafening. Most strongly recommend that you instead use term life insurance. Not only is term life insurance much less expensive, […]

The Basics of Short Term Disability Insurance

The Basics of Short Term Disability Insurance

With so many different types of insurance policies available to consumers today, it is often difficult to determine which are necessary and which are a waste of money.  As a general rule, insurance is the type […]

What Can You Do If You Have No Health Insurance?

What Can You Do If You Have No Health Insurance?

We all know that everyone should have some kind of heath insurance. At a minimum, we should have it to cover medical emergencies that can run into the hundreds of thousands of dollars. Then there are […]

Is Dental Insurance Worth the Money?

Is Dental Insurance Worth the Money?

You only get two sets of teeth: your baby teeth and then your permanent adult teeth. Taking care of those teeth can be costly, but considering the alternatives of having to do without teeth, it is […]

How to Protect Your Money from a Lawsuit

How to Protect Your Money from a Lawsuit

We live in a world that is becoming increasingly litigious. Indeed, if you are found liable for damage to a person or his or her property, you could find yourself being sued. Additionally, you can be […]

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