The Cavalcade of Risk is a biweekly rotating collection of articles and links (also known as a "blog carnival") from insurance and other risk related sources that provides some great information and insight about risk and risk management.
Some highlights:
- Hank Stern explores the implications of saving $75 but watching your house burn down with Stupid Homeowners Tricks: Again;
- FMF discusses The Dangers of Life Insurance Policy loans and illustrates how policy loans are one of the most complex, misunderstood and misused components of a life insurance policy;
- Paul Vachon asks Gap Insurance - What is It? and Do I Need it?; and
- Dennis Wall reviews a recent legal decision affecting insurers and insureds in Late Notice Defense to Hurricane Claim of Excess Carrier Rejected.
To read these articles and many more on a variety of risk-related topics, check out the latest edition of the Cavalcade of Risk here.
If the head or the main breadwinner of a family dies or become critically ill, the family won't have to worry much about their finances if he/she has a life insurance availed beforehand. The main benefit is really about the financial stability of the family left behind.
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