Preserving Your Wealth
Abstract: This lesson plan is a look at insurance, which is a tool that investors use to control risk and thereby prevent large losses in their wealth. We look at several types of insurance here, but focus on long-term care insurance, cash value insurance, and variable and universal life insurance. Each of these covers a different risk. For example, long-term care insurance covers the risk that you will be unable to care for yourself. A thorough introduction to insurance will help you decide whether to consider it as a way to safeguard your own wealth.