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For the sake of this discussion, let us put aside all the human emotions and love that impress upon on the insurance matters, and take a look at Insurance as a hedging tool against Human Asset and Liability in the Human Life Cycle - Balance Sheet from a financial perspective.
So what is hedging?
Hedging means reducing or controlling risk.
Insurance as a hedge against Human Asset and Liability?
The moment when we were conceived in our mother's womb; a human liability was created in our parent's Human Financial Balance Sheet; but, it was still a very, very small liability.
When we were born, this human liability became very real and will continue to grow each day till the day when we start working full time as human asset and generate Income. When we start to generate income, the Liability in our parent's human financial balance sheet begins to decrease. Read more...[caption id="attachment_1975" align="alignright" width="150" caption="Photo by Bombardier"][/caption]
For the sake of this discussion, let us put aside all the human emotions and love that impress upon on the insurance matters, and take a look at Insurance as a hedging tool against Human Asset and Liability in the Human Life Cycle - Balance Sheet from a financial perspective.
So what is hedging?
Hedging means reducing or controlling risk.
Insurance as a hedge against Human Asset and Liability?
The moment when we were conceived in our mother's womb; a human liability was created in our parent's Human Financial Balance Sheet; but, it was still a very, very small liability.
When we were born, this human liability became very real and will continue to grow each day till the day when we start working full time as human asset and generate Income. When we start to generate income, the Liability in our parent's human financial balance sheet begins to decrease. Read more...
[/caption]
For the sake of this discussion, let us put aside all the human emotions and love that impress upon on the insurance matters, and take a look at Insurance as a hedging tool against Human Asset and Liability in the Human Life Cycle - Balance Sheet from a financial perspective.
So what is hedging?
Hedging means reducing or controlling risk.
Insurance as a hedge against Human Asset and Liability?
The moment when we were conceived in our mother's womb; a human liability was created in our parent's Human Financial Balance Sheet; but, it was still a very, very small liability.
When we were born, this human liability became very real and will continue to grow each day till the day when we start working full time as human asset and generate Income. When we start to generate income, the Liability in our parent's human financial balance sheet begins to decrease. Read more...
