Personal Umbrella Insurance 101 – My Financial Wellness Guide- Part X

In a previous post, I shared some insights on Liability Insurance and important things to consider in managing potential exposure. Insurance is a funny thing, kind of like credit – when you need it, you can’t get it – it’s something you have to be intentional about building before you need to use or have…

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Life Insurance 101 – My Financial Wellness Guide – Part IX

Life Insurance provides three main purposes: pay for burial expenses and final bills to close out your estate, replace the income you would have provided to a dependent (relative or business partner), or to gift to a charity or institution you want to support. There are two basic types of Life Insurance policies, a Whole…

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Self-Care and Health Insurance – My Financial Wellness Guide Part VI

There’s an interesting balance between covering as much as you can with your own resources and purchasing insurance to cover potential risks that could devastate you. In my previous post, I provided an overview of how to self-insure. In summary, self-insure as much as you can, then purchase insurance for the big stuff. When it…

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Self-Insured and Iron-Clad – My Financial Wellness Guide Part V

Over the next few days I’ll be exploring how to leverage insurance to reduce financial risks. Let me begin by saying that insurance is a fantastic tool towards financial wellness and the more you understand how each product works, you’ll be able to tailor options to your needs. Your first option in every situation is…

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Managing the Uncertainties – My Financial Wellness Guide Part IV

Over the past few days I’ve been posting snippets of insights to help you get started on your journey towards financial wellness. It is definitely a journey over a lifetime that involves managing risks. Risks, or uncertainties, are exactly that – they are not fully known or guaranteed to happen. If and when they do…

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