Peterson Money Books
MONEY Changes Everything
Seven Simple Steps That Will Make Money Work For You!, by Erlend Peterson, CFP | Meet Erlend | Buy Book

Insurance



For Bobby and Tina, insurance was a long learning experience. They knew nothing about it when they got married. Whenever they heard the word insurance, it sounded like another expense, and they didn’t want any more expenses. Bobby’s father insisted Bobby buy auto insurance when he bought his first car, and that was right. In some states, auto insurance is mandatory.

In his new job, Bobby joined the union and got health insurance for himself, his wife and children. He paid part of the insurance premium as a deduction from each paycheck. That was automatic and easy. They never noticed the expense, the money going out, and they were glad for the health insurance.

When their third child was born, Tina realized how totally dependent she and their three children were on Bobby’s income. They all loved him as husband and father, and they also needed his income. That’s what life insurance is for – to support your dependents if you die – so they shopped around and bought a small universal life policy.

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Peterson Money Books
Book: MONEY Changes Everything, by Erlend Peterson, CFP
Seven Simple Steps That Will Make Money Work For You!


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