Comments on: Talking about Insurance is Boring! (but Necessary) http://www.BorrowFromNone.com/2008/09/talking-about-insurance-is-boring-but-necessary/ Blending simple and straightforward financial discussion with Biblical principles to assist normal people like us in being good stewards of our finances. This site includes tips for increasing income, reducing expenses, getting out of debt, saving, investing, and being content. Fri, 30 Jul 2010 11:16:59 -0600 http://wordpress.org/?v=abc hourly 1 By: John http://www.BorrowFromNone.com/2008/09/talking-about-insurance-is-boring-but-necessary/comment-page-1/#comment-501 John Wed, 01 Apr 2009 03:19:44 +0000 http://www.BorrowFromNone.com/?p=732#comment-501 @Jonathan - I'm a big fan of life insurance when you need it. Like if you are married with young kids and a mortgage, you probably need a pretty large policy. If you're retired, kids are on their own, and you're wealthy from years of fiscal prudence, then I'm not sure you really need any. I am not familiar with critical illness insurance to cover your mortgage - is that like disability insurance here in the US where if you are can't work for an extended period of time they pay you money so you can afford you bills and expenses? @Jonathan – I’m a big fan of life insurance when you need it. Like if you are married with young kids and a mortgage, you probably need a pretty large policy. If you’re retired, kids are on their own, and you’re wealthy from years of fiscal prudence, then I’m not sure you really need any. I am not familiar with critical illness insurance to cover your mortgage – is that like disability insurance here in the US where if you are can’t work for an extended period of time they pay you money so you can afford you bills and expenses?

]]> By: Jonathan@Friends&Money http://www.BorrowFromNone.com/2008/09/talking-about-insurance-is-boring-but-necessary/comment-page-1/#comment-496 Jonathan@Friends&Money Tue, 31 Mar 2009 18:31:16 +0000 http://www.BorrowFromNone.com/?p=732#comment-496 I really don't believe that we need most of the insurances offered to us. Many times they are simply a gimmick aimed at generating revenue for greddy financial orgainsations and whilst they can offer some benefit to a small few, the vast majority get ripped off. The only insurances that i think are useful are Life Insurance, because it's important to make sure your family are provided for and critical illness which covers your mortgage in the event of you suffering a critical illness. <abbr><em>Jonathan@Friends&Money´s latest blog post...<a href="http://www.friendsandmoney.co.uk/index.php/2009/03/how-to-talk-about-debt-problems-with-family-members/" rel="nofollow">How To Talk About Debt Problems With Family Members</a></abbr></em> I really don’t believe that we need most of the insurances offered to us. Many times they are simply a gimmick aimed at generating revenue for greddy financial orgainsations and whilst they can offer some benefit to a small few, the vast majority get ripped off. The only insurances that i think are useful are Life Insurance, because it’s important to make sure your family are provided for and critical illness which covers your mortgage in the event of you suffering a critical illness.

Jonathan@Friends&Money´s latest blog post…How To Talk About Debt Problems With Family Members

]]> By: Miguel http://www.BorrowFromNone.com/2008/09/talking-about-insurance-is-boring-but-necessary/comment-page-1/#comment-175 Miguel Thu, 02 Oct 2008 20:45:21 +0000 http://www.BorrowFromNone.com/?p=732#comment-175 Insurance is one those subjects that can be less than exciting to talk about. As mundane as it might be though, understanding insurance is incredibly important for properly evaluating how to best protect yourself and your family from the unknown. As you point out, insurance is about transference of risk and whether a person wishes to accept risks associated with certain situations and properties. Gaining a proper understanding of insurance, however, can be challenging. It can be such a complex topic that it can often seem too overwhelming to grasp. As you recommend, if you have someone you trust who fully understands the ins and outs of insurance, he or she can be very useful in helping you evaluate your situation. As a representative from State Farm, I can tell you that we have found there are certain moments throughout a person’s life, such as having a baby, buying a car or home, or moving, when insurance needs are most often thought about. The State Farm website includes a learning center to help when those “life moments” happen: <a href="http://www.statefarm.com/learning/learning.asp" rel="nofollow">www.statefarm.com/learning/learning.asp</a>. I hope you find this helpful. Insurance is one those subjects that can be less than exciting to talk about. As mundane as it might be though, understanding insurance is incredibly important for properly evaluating how to best protect yourself and your family from the unknown. As you point out, insurance is about transference of risk and whether a person wishes to accept risks associated with certain situations and properties.

Gaining a proper understanding of insurance, however, can be challenging. It can be such a complex topic that it can often seem too overwhelming to grasp. As you recommend, if you have someone you trust who fully understands the ins and outs of insurance, he or she can be very useful in helping you evaluate your situation.

As a representative from State Farm, I can tell you that we have found there are certain moments throughout a person’s life, such as having a baby, buying a car or home, or moving, when insurance needs are most often thought about. The State Farm website includes a learning center to help when those “life moments” happen: http://www.statefarm.com/learning/learning.asp.

I hope you find this helpful.

]]> By: Charlie http://www.BorrowFromNone.com/2008/09/talking-about-insurance-is-boring-but-necessary/comment-page-1/#comment-165 Charlie Tue, 30 Sep 2008 06:16:10 +0000 http://www.BorrowFromNone.com/?p=732#comment-165 It's funny, as I get older, I find myself thinking a lot more about this sort of thing and how nice it would be to have all different kinds of great insurance policies. Carefree living right? The first thing I would do with <a href="http://www.doctordisability.com" rel="nofollow">disability insurance</a> though is to commit fraud, so I'll stay away from that one. It’s funny, as I get older, I find myself thinking a lot more about this sort of thing and how nice it would be to have all different kinds of great insurance policies. Carefree living right? The first thing I would do with disability insurance though is to commit fraud, so I’ll stay away from that one.

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