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.

What is an Umbrella Insurance and Do You Need One?

What is an Umbrella Insurance and Do You Need One?

In an increasingly litigious society, it can be scary to think what might happen if you are responsible for an accident, and then are sued. It’s true that your insurance policy probably has liability coverage, but […]

What is COBRA Insurance and a Critical Warning to Know

What is COBRA Insurance and a Critical Warning to Know

Are you about to lose your job and access to health insurance? Are you unsure of when your insurance runs out? Or has the Human Resources department handed out a pamphlet on COBRA? Understanding how you […]

The Complete Guide to Term Life Insurance

The Complete Guide to Term Life Insurance

If you want to ensure that your family is protected when you pass on, life insurance is essential. Life insurance provides your beneficiaries with money that can be used to supply the loss of your ability […]

What is Mortgage Life Insurance and Do You Need It?

What is Mortgage Life Insurance and Do You Need It?

Soon after you purchase a home using mortgage financing you will start to receive unsolicited letters in the mail from your financing company’s “partners”. Somewhere in that fine print of your mortgage paperwork you agreed to […]

5 Ways to Lower Your Health Insurance Premiums

5 Ways to Lower Your Health Insurance Premiums

Health insurance cost have been on the rise for decades and there is no sign that will stop anytime soon. The Federal government is worried about how to fund programs like Medicare and Medicaid, and employers […]

Why Permanent Life Insurance is Not an Investment

Why Permanent Life Insurance is Not an Investment

There is a constant battle within the financial community between permanent life insurance and term life insurance. Most individuals are best served by inexpensive term life insurance policies that are straightforward: pay a premium, receive a […]

What Happens If Your Insurance Company Goes Bankrupt?

What Happens If Your Insurance Company Goes Bankrupt?

Insurance is great financial product to spend money on. In an ideal situation you have insurance on your car, your home, your life, your health, and over your risk of disability. You are wise to invest […]

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

Disaster Insurance: Does Your Homeowner Insurance Cover Flood, Hurricane, Earthquake, and Tornado?

When you talk with a lender about getting a mortgage on a home, one of the requirements you will discover is the need for homeowners insurance. This insurance covers your home in the event it is […]

What is Renters Insurance and Why You Should Have It

What is Renters Insurance and Why You Should Have It

Homeowners have their home insurance, but what about renters? Just because you are a renter, it doesn’t mean you should not have the same kind of protection that homeowners enjoy. Renters insurance is an inexpensive yet […]

Increasing Your Insurance Deductible to Save You Money

Increasing Your Insurance Deductible to Save You Money

The insurance industry permeates all manner of media: television, radio, magazines, mailers to your house, and outdoor billboards are covered in advertisements convincing you that switching to the next company will save you hundreds of dollars […]

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