An impressive trait of the current generation of financial advisors is how they can confidently advise us on most financial matters, like insurance to protect ourselves, and like investments to profit from it. But do insurance and investments mix? Aren’t they all about the risks we have, on the one hand using insurance to reduce it, and on the other, using investments to add to it? Yet while the financial advisor is usually at pains to assess our tolerance for risk when it comes to investments, trying to gauge how much loss we are able and willing to bear, why don’t they do the same for insurance matters? Instead, when it comes to insurance, we are often advised to cover ourselves to the hilt, regardless of whether we are willing, or able to bear some of that risk ourselves.

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