Friday July 18, 2008 - Insurance: Some You Probably Don't Need

[0:00] ..." On WBZ news radio 1030 with certified financial planner Dee -- We've looked at life insurance disability homeowners long term care but today we're looking into all insurance policies people trying to sell you. That you simply don't"...

[0:17] ..." tool that is used when you don't have enough dollars in your emergency fund -- over the loss for yourself someone like Donald Trump. Has lots of money to self insurer but. The average person like -- just gotten buying insurance is an emotional transaction you're asking the insurance company to cover the terrible things and liked it could happen to you. So it's no surprise insurance companies have insurance for all sorts of -- they -- dancer's legs. You know so you know you announcers voices announces choices but in on some policies and -- are worth purchasing okay life insurance for children and I know I'm going to hear about this one because it's always an exception. But you don't need life insurance for the -- I -- Gerber sells it you can buy 5000 dollar from the wife's insurance for three dollars a month."...

[2:05] ..." yes York so what you want to do is check. Your credit report. Two to three times a year to be -- and only use your card protectorate Danny you have a long list of"...

[0:00]" On WBZ news radio 1030 with certified financial planner Dee -- We've looked at life insurance disability homeowners long term care but today we're looking into all insurance policies people trying to sell you. That you simply don't need."

[0:14]" Financing in their a lot of month there. In this is a financial tool that is used when you don't have enough dollars in your emergency fund -- over the loss for yourself someone like Donald Trump. Has lots of money to self insurer but. The average person like -- just gotten buying insurance is an emotional transaction you're asking the insurance company to cover the terrible things and liked it could happen to you. So it's no surprise insurance companies have insurance for all sorts of -- they -- dancer's legs. You know so you know you announcers voices announces choices but in on some policies and -- are worth purchasing okay life insurance for children and I know I'm going to hear about this one because it's always an exception. But you don't need life insurance for the -- I -- Gerber sells it you can buy 5000 dollar from the wife's insurance for three dollars a month. Despite the sales and also says these are not good ways to save for the -- Collins education you're far better off using the college savings plan the 529 plan provided by Fidelity for the state. A health care insurance. This is a tricky but I've not seen a really good policy and looked at three or four of them are just recently. And this is not a practical purchase an average cost about 450 dollars a year for the health care insurance for the dog. Average expenses for a dog at the vets for years 2011 dollars these policies have a deductible fifty dollars and they -- by 2000. So that limited right that it acetone -- you can save your dollars. And you have your 2000 dollar capture and you know credit card loss protection you know we all fear that -- credit cards are going to be stolen. And that our daddy's going to be out there online. These cost about 200 dollars plus a year but your losses are limited fifty bucks. So why spend 200 bucks to protect fifty bucks sure -- really protecting the insurance company. Yes you -- yes York so what you want to do is check. Your credit report. Two to three times a year to be -- and only use your card protectorate Danny you have a long list of of other policies that you -- rights just get on our website and check them all out okay do that right away wbz1030.com. More tomorrow. Here on WBZ news radio to and there."