Fear Factor: Buy Life Insurance, but Don't Over Do It

In the wake of Hurricane Katrina, there's been hand-wringing about whether Americans have enough insurance, especially flood insurance.

That's mostly a good development, if it prompts consumers to take a critical look at their insurance. But it may also cause some to be overly cautious and buy more than they need.

Remember, insurance is supposed to protect you from financial disasters, not little financial hiccups, which is why low deductibles are a bad idea. And a lot of insurance being sold today is duplicative of insurance you already have.


Fear Factor: Buy Life Insurance, but Don't Over Do It
Source: Sun-Sentinel