Pick and Choose Your Insurance

Dear Dave, Does having supplemental insurance make good financial sense? Anonymous Dear Anonymous, Some of it does under the right circumstances. But you have to be very careful when choosing these products, because there are lots of companies out there trying to sell you stuff that doesn't make good financial sense. One example is short-term disability insurance. I would not do that. Another example is cancer insurance. I wouldn't do that, either. But they also sell good stuff like long-term disability insurance. That's something you really need! Beware of the little gimmick insurance plans, too. Those six dollar a month things are not a good idea! Dave
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