Insurance a key part of my financial plan

Why is Insurance a key factor in my overall insurance plan?

There are few financial topics more important (and, sadly, more mundane) than insurance. No matter how diligently you build your financial empire, failure to purchase adequate insurance can put you in a desperate hole in a heartbeat. On the other side of the coin, few things will attack your investment returns more insidiously than paying too much for insurance or, worse, paying for insurance you don't need.

So, you may be thinking now, "I don't need insurance." To that we say: Most likely you do. If you own things that will be very hard to replace without facing severe financial hardship, these things ought to be insured. In general, think of insurance as "hardship avoidance," not "convenience" or "hitting the jackpot."..... Insurance Basics