Comments on: Types of Insurance Most People Need

By: 51 Blogs Explaining the Many Types of Insurance Available | OnlineInsuranceQuotes.org

Tue, 15 Jun 2010 03:50:22 +0000

[...] My Life ROI: Gives consumers a breakdown of the various types of insurance and makes suggestions on which ones are crucial. [...]

By: youngandthrifty.ca

youngandthrifty.ca — Tue, 05 Jan 2010 07:40:55 +0000

Carnival of the Young and Thrifty: Edition #1…

Welcome to the first edition of the Young and Thrifty carnival. I had some great submissions and am delighted to post the ones below. Taxes, shopping online, and insurance. Quintessential personal finance information. Read and enjoy! Seeing as we are …

By: Roger

Roger — Wed, 02 Dec 2009 22:04:44 +0000

Thanks again for including my article, MLR, and for your additional comment on homeowner’s insurance; yes, even the super rich can still benefit from insurance coverage.

@Kosmo: I’ve heard that before, and I’m glad to confirmation that it is the case. Definitely something to consider before you use pre-tax dollars for your disability insurance.

@Craig: Yup, automobile insurance is the only one on this list that you could get into legal trouble to not having.

@David: I didn’t really get into it (this article was already pushing 2000 words), but yes, there are ways to save money on your insurance while getting the coverage you need, including getting an independent insurance agent. Perhaps I’ll have to include that for a future guest column.
Roger´s last blog ..Small Business 101: S and C Corporations

By: David/Yourfinances101

David/Yourfinances101 — Wed, 02 Dec 2009 03:48:09 +0000

This post reinforces something that I have always believed in–since there is so much insurance out there for you, and so much that you probably need, it is essential that you have some sort of insurance “expert” in your life that you can rely on.

Personally, I have an independent insurance agent that I have known for going on 15 years now.

She has saved me loads of money over the years with her advice.
David/Yourfinances101´s last blog ..Be a Hero This Holiday Season

By: Craig

Craig — Tue, 01 Dec 2009 16:22:33 +0000

Having multiple insurances is key but automobile is really the only one that is a must have, you can’t drive a car without it. Life insurance can wait if young. I recently got renters insurance just in case.

By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Tue, 01 Dec 2009 15:31:05 +0000

A caveat regarding disability insurance – if you have the option to pay with pre or post-tax dollars, pay with POST tax dollars.

Why?

Well, it’s true that you pay a few more dollars in taxes up front, but by paying with post-tax dollars, the benefits become tax free (if you pay with pre-tax money, the benefits are taxable). So if you become disabled, you save potentially hundreds of thousands of dollars in taxes – dwarfing the extra taxes you may have paid along the way.

This runs contrary to the normal advice of paying for insurance with pre-tax money.
Kosmo @ The Casual Observer´s last blog ..What to Expect from Google Chrome