Disability Insurance
by Terry Spradlin
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Insurance and Risk
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Insurance and Risk by Patrick West
UAB School of Business
Back To Insurance | All By Patrick West

Insurance and Risk- In this personal finance segment, we cover the relationship between the amount of risk to be covered and your insurance premium. We also cover the role of liability risk and how insurance companies use the theory of large numbers to cover risk. Add to a notebook or create a new notebook

Lifestyle and Insurance Premiums Did you know that your health and lifestyle can play an important role in the cost of your insurance policy? In this personal finance segment, we cover how lifestyle and health patterns can affect your rates and what you can do to minimize your risk.

What Insurance do you need Exactly what type of insurance do you need? Should you buy insurance for all types of risk? What areas can you self-insure? All of these questions are covered in this personal finance segment on insurance.

How to Buy Insurance You have decided that you need insurance, but how do you go about buying it? What are some factors that you need to understand that can affect your premiums? Why the agent and company that you select are important, plus other important topics on how to buy insurance are covered in this personal finance video segment.

Purchasing Life Insurance If you have young kids, the need to have life insurance is much greater than if you don't. In this personal finance video segment, we also cover the question, do you need life insurance?

Types of Life Insurance-Part 1 In this personal finance video segment on life insurance, we cover the three main types of life insurance-Term, Whole Life and Universal Life. This segment has a focus on term insurance and why if is important to pay with a bank draft.

Types of Life Insurance-Part 2 In this personal finance segment, we cover Level and Decreasing Term policies along with Whole Life insurance. We also cover the fact that insurance isn't an investment, but rather an income replacement program.

Types of Life Insurance-Part 3 In this personal finance segment, we cover Universal Life insurance. We also cover the fact that you need to do some research to find out which type of policy works best for you and your family's insurance needs.

Who Needs to be Insured In this personal finance segment, we identify who needs to be insured. Although insurance is an income replacement program, you also need to factor in the cost of services that your spouse provides. Who is going to get kids to school, piano lessons, prepare meals and other areas is you have to work all day?

Investing your Life Insurance Proceeds In the unfortunate event that your spouse dies and you get the proceeds of the insurance policy, where and how do you invest it? Some of the key factors include diversification, inflation, will you need more money each year, how much money can you expect from your investments, plus other topics are covered in this personal finance segment.

Life Insurance for your Children In this personal finance video segment, we cover the question, should you buy life insurance to cover your children. Should you factor in Social Security or company group life insurance policies into your need for life insurance.

Who Owns the Policy In this personal finance video segment, we cover who should own the life insurance policy, what is a beneficiary and the need for an estate planning attorney.