Comments on: Bogleheads Review: Chapter 21 – Insuring Your Assets

By: empty spaces

empty spaces — Wed, 01 Nov 2006 00:28:10 +0000

yeah, i’m currently considering disability options. what if i were to get carpel tunnel syndrome – i couldn’t work and i couldn’t blog!!!

By: BD’s Favorite Personal Finance Posts This Week » Personal Finance - Save Money - Retirement - Financial Freedom

Sat, 28 Oct 2006 16:22:02 +0000

[...] Bogleheads Review: Chapter 21 – Insuring Your Assets (Hilarious) @ Financial Freedumb [...]

By: Maria

Maria — Fri, 27 Oct 2006 18:02:01 +0000

Thanks Freedumb, I’m hoping that by sharing my Life Insurance story enough, that it will inspire enough people, especially money savy people like PF bloggers to at least consider life insurance or even burial. It’s the one item that seems to be neglected. Afterall, the person who purchased the policy wont be there to enjoy it.

By: HC

HC — Fri, 27 Oct 2006 17:36:29 +0000

Did this chapter mention any particular vendors for disability insurance? Because while I know that I SHOULD have it, I haven’t been able to find a policy that I could afford.

By: Lazy Man and Money

Lazy Man and Money — Fri, 27 Oct 2006 16:53:01 +0000

I may have lucked out by having a friend in the insurance industry, but he actually advised me not to buy insurance. It seems to make the most sense in Maria’s case, when there’s a baby on the way or someone has to be supported when you are gone. And I think the book is right about term insurance. I plan to wait until I’m ready to be a dad and then get enough insurance to get my child(ren) through college.

By: freedumb

freedumb — Fri, 27 Oct 2006 16:36:44 +0000

Maria, I’m sorry. It’s sad and inspiring at the same time to hear what you went through. The reasons for sad are obvious, but inspiring because no matter what you demonstrated that people have the will to succeed.

By: Maria

Maria — Fri, 27 Oct 2006 16:12:58 +0000

Excuse, me, I meant to say “when he passed,” not when ‘I’ passed.

By: Maria

Maria — Fri, 27 Oct 2006 16:12:08 +0000

Personally, I have always had life insurance, even before I had a family. I wouldnt want my extended family to have the burden of paying for my burial.
My husband had life insurance offered through his work and he chose $50k. He paid one premium and died within 2 weeks of the policy. Not exactly the best scenario, but I was grateful that he had that policy because I would have gone into further debt if he hadnt signed those papers. By the way, I was 8 months pregnant when I passed.
As for personal property insurance, I am going to get some in 2007. I’m only renting but my personal household assets exceed $25,000. I realize that it’s only “stuff,” but I would need the insurance to get me and my son back on our feet. Life WILL go on.

By: AllFinancialMatters » Blog Archive » Bogleheads’ October Project - Chapter 21

Fri, 27 Oct 2006 14:42:18 +0000

[...] We’re winding it down, folks. After today, there are only two days left in the Bogleheads’ October Project. Today’s Chapter 21 – Protect Your Assets by Being Well Insured review is up at Financial Freedumb. I thank FinancialFreedumb for participating in the Bogleheads’ October Project, a month-long, chapter-by-chapter review of the The Bogleheads’ Guide to Investing by 22 different bloggers. Bookmark to: [link] [...]