何时自保

生活的一个现实是，风险永远存在. It exists in our commute to work, in our investment choices, and in our lifestyle decisions. Some risks can be transferred to an insurance company (e.g. auto or homeowners), while others we assume ourselves.

When you choose to bear the financial burden of an adverse event, you are engaging in self-insurance.¹

You may self-insure by assuming the entirety of a financial risk, or a portion of it. 例如, the deductibles you have on your insurance policies are an expression of the portion of financial risk you are willing to assume.

If you want to self-insure, you should consider two action steps.

The first is to attempt to manage risks, such as installing a home alarm or not texting and driving.

The second step is to create a cash reserve to have available for expenses that are associated with any losses you may suffer.

If you choose to self-insure, here are some tips that might help you manage the costs:

• The deductible you choose is one of the major factors in pricing an insurance policy. Generally, the higher the deductible, the lower the cost of the insurance.
• You can choose to selectively assume all the risk. For instance, do you really need to purchase extended warranties? Does your 14-year-old car need collision coverage?
• Consider lengthening the waiting period before payments begin on disability insurance. 通过选择等待, for example 90 days before beginning benefit payments rather than 30 days, 你为60天的差额投保, which potentially can reduce the cost of a policy.²

The reserve fund you may create to pay for potential financial losses should be kept in highly liquid assets, 比如货币市场共同基金.³

钱 market mutual funds are sold by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional. Read it carefully before you invest or send money.

最终, the decision to self-insure—and to what degree—will be a function of how much risk you can afford to take on.

1. Self-insuring is an insurance strategy based on certain assumptions. It is not intended to provide specific insurance advice. Keep in mind that the types of insurance examples and approaches illustrated may not be suitable for everyone. A financial professional can help with a risk evaluation.
2. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Federal and state laws and regulations are subject to change, which may have an impact on after-tax investment returns. 请咨询法律或税务专业人士 for specific information regarding your individual situation.
3. 钱 held in money market funds is not insured or guaranteed by the Federal Deposit 保险 Corporation or any other government agency. 钱 market funds seek to preserve the value of your investment at $1.00美元一股. However, it is possible to lose money by investing in a money market fund.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by love爱博体育app下载 to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见和 所提供的资料仅供一般参考, and should not be considered a solicitation for the purchase or 出售任何证券. 版权 love爱博体育app下载.