Page 109 - Charles Calhoun Book Rich As You Want To Be

the annual income of the person who died. Life

insurance should never have a saving

component attached. Savings and investments
should be held separately.

A person could suffer a disabling injury or

illness. A disability could also end the person’s
income and disabilities are fairly common. Like

life insurance it is wise to purchase disability

insurance to protect your loved ones against
loss of income due to disability. There are

various kinds of policies, so it is important that

you become a student and seek to learn a bit
about the subject. It would also be wise to

discuss your questions with a financial

professional. After you have learned a bit about
these two insurances and have purchased the

necessary policies, you can cross those two
risks off your list because they are gone. You

have paid the insurance company to accept that

risk instead of you having the risk yourself.
Sweet.

Of course, you will need automobile

insurance, health insurance and possibly an
umbrella liability policy if you might get sued

(like if you have money or assets that could
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