The Savage Truth on Money, 3rd Edition

Chapter 10The Savage Truth on Life, Health, and Disability InsuranceDon’t Wait until It’s Too Late

What’s your life worth? Can you measure in terms of dollars and cents what the impact would be on your family and loved ones if you suddenly lost your life? Yes, you are priceless to those who love you. But if there would be financial consequences to those loved ones, you must consider life insurance.

And then think of the financial burden if you were disabled, or were diagnosed with a life-threatening disease or condition. No one wants to think about that—especially in monetary terms. But the bills will keep coming, adding even more stress to your situation.

Health insurance is suddenly a worry that is on a par with the impact of death or disability. There is so much change happening every day—and many of those proposals don’t make sense from an insurance context, but seem to be manipulated by political whims.

It’s understandable that you don’t want to think about these terrible possibilities. But insurance can protect the people you care about, and for whom you have a responsibility to provide. And a cash payment if you are unable to work or face a medical challenge would certainly be welcomed. The most effective health insurance policy can protect your other financial assets.

So here’s a brief look at insurance basics. If you skip this chapter and these products, you’re tempting fate. And that’s the Savage Truth.

Life Insurance: Against the Odds

Insurance on your life is ...