Insurance and Risk Management

Risk management is the process of identifying, controlling and minimizing the impact of uncertain events. Most people utilize various forms of insurance to protect against the curveballs life may throw. Common types of insurance include:

• Life insurance
• Health insurance
• Disability insurance
• Property and casualty insurance (auto, homeowner's, renter's, personal property, and marine coverage)
• Umbrella liability insurance
• Long term care insurance

Avoid the following insurance types; they are overpriced, often replicate coverage already available through other types of insurance, and offer very limited coverage:

• Mortgage life insurance
• Credit life insurance (often sold on credit cards and auto loans)
• Flight insurance
• Some types of specific disease health insurance

Visit our Financial Calculators to see how much life insurance or long term care coverage you might need.

If you have questions about long term care or long term care insurance, MOAA endorses a call center where you can get no obligation, free quotes on long term care policies. Call (800) 698-7943 or visit the Web site for the MOAA-sponsored insurance plans.