Can You Have Too Much Insurance?
In recent years, long-term care insurance and disability insurance have become hot topics. An unexpected disability can decimate a family’s wealth and this unpleasant possibility has led many financial advisers to encourage everyone to get insured.
Now insurance is a wonderful invention and purchasing disability insurance can be a wise decision for many people. But the decision isn’t as simple as it is often presented and many of the statistics have been designed to push people towards purchasing insurance regardless of their real needs.
Continue reading this guest post at The Wisdom Journal.
Photo by Stefan
hank remarked on June 5th, 2008
Headed that way! Before I go though, I think there comes a time in every insurancer’s life when you need to re-evaluate how much you have, and how much you’re willing to lose by not having it; is that worth it? Honestly the answer could go either way!
hank’s last blog post..A Deeper Look at Late Payments and FICO Scores by Barry Paperno
Aaron Stroud remarked on June 5th, 2008
Great point Hank; it could go either way. Skipping the insurance might leave you open to big losses, or it might be unnecessary if you started investing early enough in life.
Aaron Stroud’s last blog post..Can You Have Too Much Insurance?