Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 55

Saving and investing are psychologically rewarding and make many people feel more secure. But, ironically, even some good savers and investors are in precarious positions because they have major gaps in their insurance coverage. Consider the following questions:

 Do you have adequate life insurance to provide for your dependents if you die?

 Do you carry long-term disability insurance to replace your income in case a disability prevents you from working?

 Do you have comprehensive health insurance coverage to pay for major medical expenses?

 Have you purchased sufficient liability protection on your home and car to guard your assets and net worth against lawsuits?

Without adequate insurance coverage, a catastrophe could quickly wipe out your investments. The point of insurance is to eliminate the financial downside of such a disaster and protect your assets.

In reviewing your insurance, you may also discover unnecessary policies or ways to spend less on insurance, freeing up more money to invest in funds. See the latest edition of my book Personal Finance For Dummies (Wiley) to discover the best ways to buy insurance and whip your finances into shape.