About insurance...
Insurance is about risk management.
Insurance is a device to manage risk. So, what is risk?
Risk is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hoped for.1
For example, the desired outcome for most families would be that both parents remain healthy and able to provide for the needs of each other, plus the children, and possibly the grandparents. But, sometimes, Mom and/or Dad are unable to provide their services because they are sick, or injured, or deceased. Insurance can replace some of the services of the sick, injured, or deceased parent(s) by providing funding, when needed.
Other applications.
The above example of risk management using insurance is sometimes referred to as the "survivor income" need. There are other needs which can also be satisfied by insurance. Future revisions of this site will discuss additional needs, but, at present we will offer information regarding the most common types of insurance solutions used by our clients, as defined by insurance type.
Insurance types.
| Life Insurance | Disability Income Insurance | Property Insurance |
| Long Term Care Insurance | Medical Expense/Health Insurance | Liability Insurance |
Carl Goodin is an independent insurance agent, representing many companies admitted to do business in the State of Missouri. [more]
1 Fundamentals of Risk and Insurance, Eighth Edition, Emmett J. Vaughan and Therese Vaughan