My New Blog

What is insurance, anyway?

All insurance policies are like a bet between you and the insurance company. The company agrees to reimburse you for the cost of your losses---

for example: the loss of your health, or the loss of your house in a fire, or the premature loss of your life. The insurance provider is betting, however, that over the long run, you will be safe and healthy and pay more in premiums and deductibles than the company will pay you in benefits. Usually the company is right. Your bet---a crucial one---is that maybe it won't be. The premiums you pay and the deductibles that you agree to, buy you the peace of mind that comes with knowing that your assets will be protected....no matter what happens.