Insurance Articles
Deductibles, coinsurance, term versus whole life, and when insurance is worth buying at all.
Choosing an Insurance Deductible: The Trade You Are Actually Making
A higher deductible lowers your premium. Whether that is a good deal depends almost entirely on one thing: whether you could actually pay the deductible tomorrow.
What Insurance Is Actually For, and When to Skip It
Insurance is a tool for transferring risks you could not survive. Applied to risks you could absorb, it is simply an expensive way to buy certainty.
Deductible, Coinsurance, Out-of-Pocket Maximum: Which One Actually Caps Your Costs
Health plans have four cost terms that people routinely confuse. Only one of them tells you the worst case, and it is not the deductible.
Term vs Whole Life Insurance: What You Are Paying the Extra For
Whole life costs many times what term costs for the same death benefit. The difference buys two things bundled together, and whether you want them bundled is the actual question.
Building an Emergency Fund: The Insurance Policy You Write Yourself
Every insurance policy you hold leaves a gap you have agreed to cover, plus one risk almost nothing insures. Cash is what fills both.