A Financial Literacy Blog for All
Protection against loss is critical for everything you do, including running your own business or earning money from a side hustle. The primary tool for mitigating business risks is property-casualty insurance. There are many insurance policies within the realm of property-casualty insurance, each with its …
The life insurance landscape is confusing, to put it lightly. One can get lost in the different types of policies and terminologies, such as whole lifeA type of life insurance that pays the death benefitThe amount of money a life insurer pays you if you die during the policy term. More regardless of when you die, as long as you pay …
Umbrella insurance provides broader coverage and more limits than your auto and homeowners policy for liabilityWhen used as a noun, the amount you owe to someone else. When used as an adjective, an insurance coverage that protects you when you cause damage or injury to …
Almost every financial decision is a trade-off between reward and riskThe possibility that something bad will happen. More. In this post, I’ll use three examples to illustrate how financial decisions can be made in a risk-reward framework. The examples are: Deciding what to buy with …
Homeowners, condo-owners and renters insurance policies cover you for loss or damage to your property and liabilityWhen used as a noun, the amount you owe to someone else. When used as an adjective, an insurance coverage that protects you when you cause damage or injury …
If you own a car, you buy car insurance coverage. In the process, you have to make lots of decisions. Do you want to buy ComprehensiveAs it related to car insurance, a coverage that reimburses you for damage to or loss of your car from …
Now that you’ve learned about what is covered by health insurance from last week’s post, I’ll help you choose a health insurance plan. As part of the process, I’ll tell you some ways to lower your net cost of healthcare and provide you with a …
Health insurance is one of the most expensive purchases you will make every year, whether you buy it on your own or through your employer. There are many terms specific to insurance and many more specific to just health insurance that are important to understanding …
