Editor’s Note: Lars Kroijer, semi-regular contributor here and author of Investing Demystified, offers one of the two most important principles of Insurance: Namely, don’t buy
I previously argued that insurance is useful for risk transfer, but less attractive as an investment. I also think that under certain conditions – such
Please see my previous post, on Insurance as Risk Transfer Only Good uses of insurance Car insurance – mandatory and necessary, appropriately transfers risk of
Insurance has one purpose, and one purpose only. Remembering that purpose will keep you from expensive insurance ‘solutions.’ The purpose of insurance is risk transfer.
The agreement by MetLife to better track customer deaths in order to make contractually obligated payments to the heirs of people with life insurance remind
The Financial Rules for New College Graduates: Invest Before Paying Off Debt--And Other Tips Your Professors Didn't Teach You
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