Comments on: Can You Have Too Much Insurance?

By: Link Love – Articles I loved! & Socks | Momma's Blog

Link Love – Articles I loved! & Socks | Momma's Blog — Fri, 10 Oct 2008 19:34:03 +0000

[...] Can you have too much insurance? – The Wisdom Journal [...]

By: Commitments to Financial Success | The Wisdom Journal

Commitments to Financial Success | The Wisdom Journal — Thu, 10 Jul 2008 05:02:23 +0000

[...] automobile, and homeowners insurance all are needed to protect your assets. Commit to having the adequate amount of insurance so that you don’t lose everything in one fell [...]

By: Regularly scheduled posting resumes today | On Financial Success

Regularly scheduled posting resumes today | On Financial Success — Mon, 07 Jul 2008 10:06:36 +0000

[...] also going to make a habit of guest posting. My next guest post covers who to listen to and who to ignore when it comes to financial [...]

By: Aaron Stroud

Aaron Stroud — Wed, 25 Jun 2008 00:00:50 +0000

Great point Margin. I think when we take our health for granted, we increase the likelihood that we’ll suffer an injury. Our health certainly suffers when we don’t take care to maintain our bodies.

By: Links of Interest : Productivity501

Links of Interest : Productivity501 — Tue, 24 Jun 2008 16:28:57 +0000

[...] Can You Have Too Much Insurance?-The Wisdom Journal This article discusses the importance of having adequate insurance coverage. Statistics show that a person is often at much more of a risk for becoming disabled than that person may realize. [...]

By: Margin

Margin — Tue, 17 Jun 2008 07:51:24 +0000

Hi, this accident happen anyone disability can occur at any time. While many people take their body and health for granted, serious accident or injury can happen to anyone.

By: Aaron Stroud

Aaron Stroud — Sun, 15 Jun 2008 02:52:20 +0000

“I could use state benefits but they wouldn’t pay my mortgage”

plonkee, would be state benefits be sufficient to support you in a small rented apartment as you prepare to re-enter the workforce?

It sounds like you’ve chosen disability insurance to protect you from downsizing rather than protecting you from becoming destitute. Would your insurance policy disqualify you from any government disability support?

By: Ron

Ron — Mon, 09 Jun 2008 14:27:30 +0000

#plonkee→ But we would all be worse off without you around, plonkee!

By: plonkee

plonkee — Sun, 08 Jun 2008 18:45:41 +0000

I have disability insurance. The risk is relatively small that I suffer a debilitating disability, but it is not zero – especially when you consider the effect that being physically unable to type would have on employment prospects.

The consequences of being unable to work would be pretty catastrophic – I am single and live on my own. I’m not in a position to be supported by anyone other than myself. I could use state benefits but they wouldn’t pay my mortgage.

Insurance is always about risk and consequences. You should be insuring for things of non-zero risk whose consequences you couldn’t financially cope with me. For me, that means that I have paid for disability insurance, but not for life insurance as no one would be financially worse off in the event of my death.

By: Hanks Weekly Hangouts #33 (June 8, 2008) | My Investing Blog

Hanks Weekly Hangouts #33 (June 8, 2008) | My Investing Blog — Sun, 08 Jun 2008 08:02:58 +0000

[...] 2. Aaron from OnFinancialSuccess guest posted at TheWisdomJournal this week inquiring, “Can You Have Too Much Insurance?” [...]