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.

Should You Buy Return of Premium Term Life Insurance Rider?

Should You Buy Return of Premium Term Life Insurance Rider?

Generally when you buy term life insurance, you’re insuring against an untimely death. Term life covers a temporary need — like providing for your dependents if you should die before they’re financially self-sufficient. As you grow […]

Understanding Medicare and Medigap Plans A to N

Understanding Medicare and Medigap Plans A to N

Medicare is a pretty successful system as far as seniors are concerned. However, it doesn’t cover everything and the difference between what Medicare pays for and what many seniors need is a gap large enough that […]

How to Review and Update Your Homeowners Insurance

How to Review and Update Your Homeowners Insurance

You know that homeowners insurance is important since you want to make sure that your largest purchase and asset is protected. Homeowners insurance is designed to help you cover the costs of repairs to your home, […]

Best Places to Get Free Insurance Price Quotes

Best Places to Get Free Insurance Price Quotes

Not long ago, a person interested in finding a better insurance rate would have been required to contact each insurance provider individually, or go through an insurance broker, to gather details regarding policy coverage and cost.  Fortunately, […]

3 Types of Travel Insurance and Do You Need Them?

3 Types of Travel Insurance and Do You Need Them?

Traveling has always had its risks from missed or cancelled flights to stolen luggage to incorrectly prepared seafood. The question is whether you need to worry about these risks ahead of time. For every risk there […]

Should You Get a Cell Phone Insurance?

Should You Get a Cell Phone Insurance?

Do you or someone you know use a cell phone?  With billions of cell phones in use across the world everyday, the answer is likely a resounding yes.  In fact, finding a household without at least […]

13 Questions that Can Get You Cheaper Car Insurance

13 Questions that Can Get You Cheaper Car Insurance

In today’s society, many of us want to cut costs wherever possible. Since owning a vehicle is a big yearly expense, it’s naturally one of the first places to look to find savings. And of these […]

Using a Health Savings Account to Lower Your Medical and Health Insurance Costs

Using a Health Savings Account to Lower Your Medical and Health Insurance Costs

Another year is ending, and many people are reconsidering their health insurance coverage. And, of course, many employees are seeing an increase in their premiums, or a cut in their benefits (or both). Not only that, […]

Should You Pay for a Rental Car Insurance?

Should You Pay for a Rental Car Insurance?

When it comes to the optional insurance offered when you rent a car, many people are on the fence as to whether they really need this type of coverage.  The fact of the matter is many […]

4 Things You Should Know about Homeowners Insurance

4 Things You Should Know about Homeowners Insurance

If you’re a homeowner, you know you need homeowners insurance coverage — but what do you REALLY know about it?  Are you spending more than you need to or are you inadequately covered?  Often, you could […]

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