nach oben

Erschienen in:

2021 | OriginalPaper | Buchkapitel

12. Managing Some of Life’s Great Risks Through Insurance

verfasst von : Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Max B. Haspel, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes

Erschienen in: Personal Financial Planning for Executives and Entrepreneurs

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

In broad terms, insurance is a form of risk management. While there are myriad types of insurable risks, the authors focus on those personal risks that most commonly can disrupt or devastate individual and, by extension, family financial planning. Those risks are associated with health, life, property, and personal liability for negligent acts or omissions. The authors discuss key concepts and definitions related to insurance and then explore how best to analyze and utilize the following forms of insurance: health insurance, including through COBRA; disability insurance; life insurance, including term insurance and permanent insurance; long-term-care insurance; and property and casualty insurance, including personal excess liability and umbrella insurance.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Too Much of a Good Thing: Managing Concentrated Holdings

Nächstes Kapitel Five-Pillared Planning for Exits and Other Liquidity Events

See “Health Plans & Benefits: Continuation of Health Coverage—COBRA,” The United States Department of Labor, accessed June 4, 2018, https://www.dol.gov/general/topic/health-plans/cobra.

See “Preferred Provider Organization (PPO),” U.S. Centers for Medicare & Medicaid Services, accessed June 4, 2018, https://www.healthcare.gov/glossary/preferred-provider-organization-PPO/.

See “Health Maintenance Organization (HMO),” U.S. Centers for Medicare & Medicaid Services, accessed June 4, 2018, https://www.healthcare.gov/glossary/health-maintenance-organization-HMO/.

See “FAQs on COBRA Continuation Health Coverage,” The United States Department of Labor, accessed June 4, 2018, https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/faqs/cobra-continuation-health-coverage-consumer.pdf.

See “Employer Shared Responsibility Provisions,” Internal Revenue Service, accessed June 4, 2018, https://www.irs.gov/affordable-care-act/employers/employer-shared-responsibility-provisions.

See “Don’t Miss the Health Insurance Deduction if You’re Self-Employed,” Internal Revenue Service, accessed June 4, 2018, https://www.irs.gov/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed.

See I.R.C. §§ 104 and 105.

See “Benefits for People with Disabilities,” Social Security Association, accessed June 4, 2018, https://www.ssa.gov/disability.

See I.R.C. § 7702.

According to the Social Security Administration, in 2017, the probability of an individual worker experiencing a disability before normal retirement age is 26.8%. The probability of death while never disabled before normal retirement age is only 6.1%. See https://www.ssa.gov/oact/NOTES/ran6/an2017-6.pdf.

See Ellen Stark, “Long-Term-Care Insurance Gets a Makeover,” Consumer Reports, published August 31, 2017, https://www.consumerreports.org/long-term-care-insurance/long-term-care-insurance-gets-a-makeover/.

See “Cost of Care,” Genworth, accessed September 11, 2020, https://www.genworth.com/aging-and-you/finances/cost-of-care.html.

2019 Milliman Long Term Care Insurance Survey, https://brokerworldmag.com/2019-milliman-long-term-care-insurance-survey/.

See “Directors and Officers Insurance,” Insurance Information Institute, accessed June 4, 2018, https://www.iii.org/article/directors-and-officers-insurance.

Titel: Managing Some of Life’s Great Risks Through Insurance
verfasst von: Michael J. Nathanson
Jeffrey T. Craig
Jennifer A. Geoghegan
Nadine Gordon Lee
Michael A. Haber
Max B. Haspel
Seth P. Hieken
Matthew C. Ilteris
D. Scott McDonald
Joseph A. Salvati
Stephen R. Stelljes
Verlag: Springer International Publishing
Buch: Personal Financial Planning for Executives and Entrepreneurs
Print ISBN: 978-3-030-65399-6

Electronic ISBN: 978-3-030-65400-9

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-3-030-65400-9_12