We're going to spend some time talking about insurance in all of its forms: property & casualty, life, disability, health, LTC$,$ business and professional liability. My opening question is this: how do you a$.)$ decide when to use insurance $($i$.$e$.$ "transfer" the relevant risk$),$ b$.)$ how do you structure it to strike the appropriate balance between self$-$insurance and transfer of risk, and c$.)$ what are the criteria you use when shopping for an actual policy?

To make the foregoing question more concrete: talk about the following:

$1.)$ Who needs homeowners or renters insurance and why? What would you say to a friend who said that they didn't need a renter's policy because they were happy to self$-$insure any loss of personal property that resulted from fire, flood, or theft.

$2.)$ When is life insurance indicated? Imagine a married couple with a $5-$year old daughter, both working, little in savings. What questions would you need answered before you could make a recommendation? Consider both internal and external factors when answering.

$3.)$ Who needs Long$-$Term Care $($LTC$)$ insurance? Describe black and white scenarios where some DOES and DOES NOT need LTC$.$ Describe a scenario in which it's not so obvious.