October 2012

Too Poor To Buy Insurance?

I write a lot about insurance, about all of those types of insurance that can be purchased, etc. The reality however is that for many of us, buying insurance is something we can barely afford to do. When you have a family living off of one income, are unemployed or are in a number of other situations, buying insurance can seem like excessive luxury. At Which Point Should You Look Into Buying Insurance? Ideally, you should try to do a budget, figure out how much you are able to afford every month in insurance payments. I personally think that the

Insuring Your Bank Accounts For Free

There are very few free things in the world. Usually those that are end up being too good to be true. There’s usually a catch or some kind of detail that makes the deal a lot less attractive than you’d initially think. If I think about insurance, that is even more the case. One Exception One type of insurance that is offered for free is insurance on bank deposits. In both Canada and the US, governments end up backing deposits. Why? It’s partially in their own interest. Economies work much better with an efficient banking system that users can trust and for

Can You Really Blame Employers For Changing Your Insurance Benefits?

I know I know, it sucks. It really does. First of all, as I explained in my own post, managing insurance policies that are offered by employers is becoming more complex and more time consuming. In addition, those policies end up covering less than what they used to. This affects health insurance mainly but also disability insurance, life insurance, etc Just recently, Sears Holding and Darden Restaurants announced that they would be making major changes to their regimes. How It Used To Work At Many Such Companies –Companies would offer employees coverage on XYZ.. With employees paying for parts of

Extended Warranties, Why I’ll Like Never Buy Another One After My iPod Fiasco

I know the basics of extended warranties obviously. They are pushed by highly motivated sales teams because they are paid high margins on any sales they can generate. In many cases, they’ll make as much on the sale of the warranty as they do for the actual product. I’m not stupid. If the-shop and sales guy is making a killing on this, then it means that consumers are very frequently losing money. Thus, as a consumer, I should always be saying no. Same Thing As Insurance? You could say the same couple of things about insurance. The companies and sales guys are

Do Your Family Members And Close Friends Know About Your Insurance Policies?

This would probably apply the best to life insurance but I it can certainly work for others, especially as we get older. Why You Should Advise Your Entourage Of What You Own We all think we’re so invincible but the reality is that we know we’re not (obviously.. If not we wouldn’t buy insurance would we?). Things can happen very fast. It can be a bad accident, something that doesn’t get you killed but that would make you require more health care than your spouse or parents think you can actually afford, etc. Fact is it’s important for key people

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