Friday, March 13, 2020

Short Takes: COVID-19 and a Life Insurance Primer

Here are my posts for the past two weeks:

My Asset Allocation in Retirement

The Ultimate Guide to When to Buy and Sell Stocks

Here are some short takes and some weekend reading:

The Canadian government is providing useful COVID-19 information. I’ve heard many opinions that Canada isn’t doing enough, and others saying that the risk is overblown. Amusingly, I heard one person with both of these contradictory opinions.

Preet Banerjee explains the different types of life insurance in more detail than the usual superficial explanations. Broadly, there are two types: term life insurance and permanent life insurance. There are many subcategories of permanent insurance. No one type of insurance is inherent;y good or bad; what matters are the numbers. I don’t claim to have investigated every type of life insurance, but when I’ve dug into the numbers, anything that wasn’t term insurance looked quite bad. I’ve had many insurance salespeople tell me there are good kinds of permanent insurance, but they’ve never been able to provide me with the details of an available permanent insurance policy that turned out to be a good deal.

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