Traditionally, insurance companies have sold automobile, homeowners, and health insurance, as well as annuities. However, about a decade ago, insurance companies entered personal wealth management, charging fees typically equal to 1% of the assets under management. Many insurance companies like Lincoln Financial and Prudential have aggressively sought this business since it is risk-free and quite lucrative. We will discuss insurance in more depth in a later chapter.
Introduction
0/1
Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
0/13
Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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