Category: statistics

It became obvious recently that relying on the lessons of recent history only can gravely mislead us. Real life examples and review of both historic and long-term made-up scenarios can help in finding best personally viable asset-allocation strategies, and protect …

Insurance planning is an integral part of personal life planning because

as individuals or families, we are quite vulnerable financially. Pooling resources with others gives improved chances in coping with various risks — this is the basic function, or protection aspect of insurance.
In many cases, insurance can be a sophisticated tool in managing the finances of families and businesses. In these functions, insurance is not simply a protective tool. Because of its legal and taxation treatment, it can be an enhancer of wealth creation, maintenance, and smart utilization as well.

The whole institution of insurance wouldn’t exist if the future were knowable.