The Literature Network - The insurance game: How to play to win SPEND/THRIFT

The insurance game: How to play to win SPEND/THRIFT

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From: International Herald Tribune
Date: 20041218
Author:Jim Peterson

Jim Peterson
International Herald Tribune
12-18-2004
What kind of insurance do you need? With what limits, and at what cost? The entire subject causes unease in all its forms.Ambrose Bierce defined insurance as an ingenious game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the table. Death and illness and loss are unpleasant events on which to bet in the game of life. In fear and insecurity, anxious consumers wind up with unneeded coverages, paying excessive costs better put to other uses and enjoyment.Two clear-eyed principles can help in ...

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