Protecting the People Who Rely on You

Who would be short of money if you died tomorrow? And who would pay the rent if you couldn’t work for a year? Those are two different gaps. Death can leave the people who rely on your income, or your unpaid care, without it. Being unable to work leaves you without income while you’re still alive and still paying bills, whether or not anyone else depends on you.

Insurance moves a defined risk to an insurer in return for a premium, and pays only when a claim meets the policy’s terms; The Physics of Risk explains how. So start with the gaps, not the products: who relies on whom, what would still need paying, and what savings, benefits or workplace cover already exist.