Saturday, February 22, 2014

February 21 - Online Discussion Question 1

Explain why insurance is an essential part of a healthy financial plan.

12 comments:

  1. having insurance is important because if something happens without it you could end up bankrupt and out of money

    travis

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  2. Insurance is an essential part of a healthy financial plan because it can back up your money and yourself when you have any pricey or risky situations occurring.

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  3. Having insurance transfers risk. Without insurance, you could go bankrupt.

    Autumn

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  4. Insurance backs you up when you have something horrible happen to you. Without it, you might go bankrupt from the expenses!

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  5. Insurance will transfer the risk of running out of money from you to the insurance providers. When you are properly insured and you live as safely as possible, you can rely on the insurance provider to pay your big, unexpected bills.

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  6. Insurance transfers risk. WIthout proper insurance, you have the potential to go bankrupt, or allow major financial burden to be placed upon you and/or your family.

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  7. Insurance transfers risk and without it you could go bankrupt.

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  8. If you have an emergency beyond what your emergency fund covers or that causes temporary or permanent disability it prevents you from going bankrupt.

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  9. Insurance transfers risk and without it you might go bankrupt.

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  10. It transfers risk so if something terrible happens it won't be so terrible and you won't go completely bankrupt.

    eyezik

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  11. Without it you can go bankrupt and it transfers risk.

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  12. Insurance is like a airbag you payed for it and in a emergency it works to keep you safe or keeps you from bankrupt.
    Adam

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