How Covered Are You?

My wife Julie always reminds me our expenses on insurance coverage.  Her point is we are spending too much in this particular area.  There is a gap between me and Julie on insurance coverage.  Personally, I believe that insurance is the foundation of all personal financial planning.  Without proper and adequate insurance coverage people will become dead broke if there is any unexpected  mishap.   If God forbid,    I want to to make sure that my wife can maintain the quality life standard without worrying anything such as the mortgage, the income replacement.  That is why I have adequate  life insurance for ourselves  and general insurance covering our properties.  Our home,  possessions  and cars are  protected under cheap home insurance and cheap car insurance in case of the unexpected  happenings such as fire, flood, accident, theft, bulgary, etc.  There are plenty of insurance out there in the market. The Critical Illness insurance is a very good insurance protection policy.  I don't have this coverage yet.  At my age the premium must be very expensive.

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