Comments on: The Different Types of Insurance and What Insurance You Need http://ptmoney.com/different-types-of-insurance-do-you-have-what-you-need/ Real Personal Finance for a Life Without Limits! Thu, 29 Mar 2012 02:15:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: kthttp://ptmoney.com/different-types-of-insurance-do-you-have-what-you-need/comment-page-1/#comment-10396 kt Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=6700#comment-10396 life insurance is underpurchased because of the fear of mortality. I think that one should get over it because death is one of the two certainties of life. In any case getting the insurance means that your loved ones profit from your death, which is not entirely a bad thing life insurance is underpurchased because of the fear of mortality. I think that one should get over it because death is one of the two certainties of life. In any case getting the insurance means that your loved ones profit from your death, which is not entirely a bad thing

]]> By: Anthonyhttp://ptmoney.com/different-types-of-insurance-do-you-have-what-you-need/comment-page-1/#comment-10387 Anthony Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=6700#comment-10387 This is a good article. There are lots of insurances that many people don't think about. I do have two comments:1. I have $500k life insurance through work, but $100k with a private company. I feel that I am adequately insured. Many people want their deaths to replace income for 10 years, pay off the mortgage, student loans, and pay for their children's college education. While that's a good idea, that's NOT the route I took. I'm providing enough for my wife to pay down some of the mortgage, pay for my funeral costs, and replace my income for about 1 year. After that, (I hate saying it this way, but...) she's on her own or she'll have to find someone else.2. Caution! Every person should check individually, but homeowner's insurance (at least, in my area) does not cover floods. We are hurricane-prone, so there's good reason for this. Flood insurance is a separate cost. This is a good article. There are lots of insurances that many people don’t think about. I do have two comments:

1. I have $500k life insurance through work, but $100k with a private company. I feel that I am adequately insured. Many people want their deaths to replace income for 10 years, pay off the mortgage, student loans, and pay for their children’s college education. While that’s a good idea, that’s NOT the route I took. I’m providing enough for my wife to pay down some of the mortgage, pay for my funeral costs, and replace my income for about 1 year. After that, (I hate saying it this way, but…) she’s on her own or she’ll have to find someone else.

2. Caution! Every person should check individually, but homeowner’s insurance (at least, in my area) does not cover floods. We are hurricane-prone, so there’s good reason for this. Flood insurance is a separate cost.

]]> By: Craig/FFBhttp://ptmoney.com/different-types-of-insurance-do-you-have-what-you-need/comment-page-1/#comment-10373 Craig/FFB Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=6700#comment-10373 Great article! I think we sometimes forget all of the different insurance we may need. Great article! I think we sometimes forget all of the different insurance we may need.

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