Insurance

Insurance products are a very important part of anyone’s personal financial picture. Whether it be life, health, disability, long-term care, homeowner, or automotive insurance, a basic understanding of how they work is critical to determining what type and how much you should have.

For most people, insurance products are a very important part of the basic financial foundation. Unfortunately, insurance isn’t a very popular or fun topic to think about and discuss. After all, insurance deals with illness, disability, death, loss due to disasters such as floods, fire, and so on. But in fact insurance is one of the most underestimated and misunderstood aspects of personal finance. Because it is so widely misunderstood, many people buy too little or too much of the various types of insurance available. Some even go uncovered because of the confusion. Financial plans are generally not complete without the stability and strength provided by insurance. The SAGE Guide to Personal Finance provides information about the various types of insurance, and help you decide which ones are most necessary for your situation.