What is Your “Philosophy” on Insurance?

Most people consider insurance an important part of their financial plan. But do you also have an insurance philosophy that you use to determine exactly how much coverage you need? Forming an insurance philosophy requires you to think about the people and possessions that matter the most to you. How do you want to protect them? What are the risks involved? Are monthly premiums or out-of-pocket payments more in line with your philosophy and your financial means? Here are four important … [Read more...]