The promise that something will be paid in case of loss. Used to cover important items and reduce personal risk. This tag covers how to get it, how to keep it, what kind, and why you should have it.

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11
votes
4answers
451 views

At what age should I consider buying long term care insurance?

An oft overlooked, but important insurance product that has the ability to protect us from a reasonably likely and fiscally devastating event, Long Term Care insurance seems like something I am out to ...
10
votes
2answers
884 views

How do I get into the over-the-counter derivatives gravy train

Some philosopher, or banker once said: "If you can't fight them, join them". After reading Matt Taibbi's last two pieces on Rolling Stone on how banks have obtained certain rights to sell hot air ...
8
votes
5answers
2k views

Is an iPhone insurance or warranty a good buy, or a waste of money?

I normally don't pay for product protection plans or extended warranties on electronic devices, but I just got a new iPhone 4, and it sits at the nexus of portability (losable and drop-able) and high ...
10
votes
4answers
345 views

How to value employee benefits?

How should I value benefits such as health insurance and employee stock purchase plans when I'm comparing jobs? I'd like a conversion to dollars so I can fairly compare them to jobs with only direct ...
6
votes
4answers
299 views

What should I invest in to hedge against a serious crash or calamity?

There are a number of risks to the world and its economy out there over the next several decades, e.g. Peak oil Global warming Instability (e.g. a major war or uptick in terrorism) An "unknown ...
4
votes
2answers
361 views

How do insurance funds work?

On my wife's 403(b) (like a 401(k)), she has an option to invest in a couple insurance funds. How do these work? Some seem to be low-risk, while others are moderate-risk. I'm just not quite sure how ...
7
votes
2answers
252 views

Who would need a Umbrella Coverage (insurance)?

An estate planning attorney passed me this article on New York Times. For people who know about this stuff, how do I know if I really need this coverage before I am talked into it by a salesperson? I'...
12
votes
5answers
443 views

What's the difference between Term and Whole Life insurance?

How would one decide which is most appropriate? Are there tax or benefits differences that one offers over the other?
1
vote
2answers
1k views

On Canadian Employment Insurance (EI) do you have to wait 2 weeks for benefits due to a surgery?

I have to go on Employment Insurance (EI) because I am having surgery and was wondering if I still have to wait the 2 week waiting period they make you wait until you can receive benefits or do they ...
3
votes
1answer
216 views

COBRA eligibilty if employer changes providers at time of contract signing?

I have a contract from July to June. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible ...
6
votes
1answer
1k views

Retroactive COBRA Premium Increase: Can my COBRA health insurance premiums be hiked retroactively?

I hope this is the right place to ask this, but if not let me know and I'll go away. About 6 months ago I left a W-2 position to do independent consulting. Since then, I have been using my previous ...
7
votes
1answer
198 views

Do Americans still need extra health care / medical insurance after reform to health care? [U.S.]

Does the passage of the recent bill in the US change the way Americans budget for health care? If so who benefits?
6
votes
2answers
231 views

Could my insurance company be giving my healthcare providers kickbacks?

This may seems like a far-fetched conspiracy theory, but this has happened to me twice now... Scenario goes like this: My insurance policy covers X but not Y (or X has a lower deductible than Y). I ...
12
votes
4answers
293 views

What is title insurance, and should I get title insurance for my home?

I have just sold my house and bought a new one. The lawyer I am working with to do all the necessary paperwork has sent me something about "Title Insurance". I am not quite sure exactly what this is....
17
votes
5answers
1k views

Why should I invest my money in a life insurance policy?

As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney... Why should i ...
11
votes
3answers
1k views

How important is disability insurance, e.g. long-term, LTD? Employer offers none

How important is it to have disability insurance? My employer does not provide it. I work in the web development business.
3
votes
2answers
82 views

What is the risk to me of moving my money to a smaller bank?

In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big ...
24
votes
8answers
5k views

Why do people take out life insurance on their children? Should I take out a policy on my child?

I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...? If the purpose of life insurance is to replace a wage-earner's income in ...
4
votes
2answers
296 views

What is mortgage insurance? Do you have to have it, in order to be approved by a bank?

What does mortgage insurance do? Whom does it protect? Do I need it? MUST I have it, in order to be approved by a bank for a mortgage with them?
9
votes
1answer
426 views

Trip Interruption insurance vs. Trip Cancellation insurance: what's the difference?

My credit card says they offer trip interruption insurance as a benefit. I am only familiar with trip cancellation insurance. Are these the same or different?
10
votes
4answers
289 views

Homeowners: How can you protect yourself from a financial worst-case scenario?

Say your a home-owner, a first time buyer. You've just got your first flat and your about 1 year into your 25 year mortgage. Suddenly, something goes wrong with your job, and your made redundant (...
10
votes
1answer
247 views

What is long-term care insurance ? How does long-term care insurance work?

What is long-term care insurance? How does long-term care insurance work? Who should consider getting long-term care insurance and why?
2
votes
2answers
188 views

What is covered by CDIC savings deposit insurance?

In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
7
votes
1answer
115 views

How can I save money on home insurance?

What are some of the easy or not-so-easy ways to save money on home insurance?
6
votes
4answers
416 views

How can I save money on car insurance?

What are some of the easy or not-so-easy ways to save money on car insurance?