I don't know about you, but I have never been a big fan of insurance. It seems to be confusing, expensive and feels like a play on fear. While this may all be true. Not using it could be catastrophic to your finances and life. The challenge comes with only purchasing what you need. This really is a challenge because people try to sell insurance on everything. Have you ever been asked if you wanted to purchase a warranty on your electronic gadget at check out? I can not stand it when that happens.

Fortunately, this is not the type of insurance you typically need or should buy. What about the big items like medical, car, homeowners, renters, long-term care, and life insurance? These are something you should at least look at. The key here is to look at. Everyone's situation is different and the type/amount of insurance will vary depending on many factors.

It is best to reach out to a financial professional to help you navigate this confusing world. We certainly can help and receive no commissions on anything we recommend. If not us, make sure to shop around. Insurance brokers are a great way to shop because they are not tied down to just one company. One last tip, make sure to only purchase from companies with great ratings and are expected to be around for a long time. The last thing you want is a company to go under after you paid them 20 years worth of premiums for life insurance.

Here is an article that plays devil's advocate on the subject of insurance: New York Times article. Happy planning!