Best & Worst Insurance Policies

Fear of the future sells insurance. Because we can't predict the future, we want to be ready to cover our financial needs if, or when, something bad happens. Insurance companies understand this fear and offer a variety of insurance policies designed to protect us from a host of calamities that range from disability to disease and everything in between. While none of us wants anything bad to happen, many of the potential catastrophes that happen in our lives are not worth insuring against. In this article, we'll take you through 15 policies that you're probably better off without. More from Investopedia.com:• Extended Warranties: Should You Take The Bait? • 9 Ways To Trim The Fat From Your Spending • 10 Insurance Tips For Homeowners 1. Private Mortgage Insurance The infamous private...

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Life Insurance

Life insurance can protect your family and your assets. If you or your spouse should pass away, the right amount of life insurance coverage could allow surviving family members to pay off debts and maintain the same quality of life without having to sell investments or downsize your home. Growing families mean growing life insurance needs Many established families already have life insurance. A policy may have been purchased when a couple was newly married or upon the birth of their first child. For these families, the key isn't making sure life insurance is in place, it is ensuring that the family has the right level of coverage. "Insurance needs increase because the standard of living increases," explains Marv Feldman, President and CEO of The Life and Health Insurance Foundation...

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Health Insurace

(NaturalNews) Federal Judge Roger Vinson ruled this week that the "individual mandate" portion of Obama's health care reform was unconstitutional, dealing a significant blow to the Obama administration's desire to force government-run health insurance on the entire U.S. population. Department of Justice spokespeople reacted with a sense of twisted desperation, calling Judge Vinson's decision "judicial activism" as if he were inventing new law. In reality, of course, Judge Vinson merely ruled to protect existing law as written in the United States Constitution.Three years ago, even President Obama would have agreed with Judge Vinson's decision. In arguing against the idea of an individual mandate in government-run health insurance, President Obama said in 2008, "If a mandate was the...

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What is Insurance?

Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium. (For background reading, see The History Of Insurance In America.)Insurance allows individuals, businesses and other entities to protect themselves against significant potential losses and financial hardship at a reasonably affordable rate. We say "significant" because if the potential loss is small, then it doesn't make sense to pay a premium to protect against the loss. After all, you would not pay a monthly premium to protect against a $50 loss because this would not be considered a financial hardship for most.Insurance is appropriate when you want to protect against a significant monetary loss. Take life insurance...

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