Why insurance exists
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About this module
Insurance is a deal: you pay a little regularly, and in exchange, one terrible day can't wipe out everything you've saved. But lots of insurance is sold that people don't need. This module teaches you which protection matters and which is an upsell.
Key takeaways
- Insure the things you could never afford to replace - not the things you easily could.
- Learn four words - premium, deductible, copay, maximum - and insurance stops being confusing.
- Renters insurance costs about as much as one pizza a month and protects everything you own.
- Simple 'term' life insurance is almost always a better deal than the fancy expensive kinds.