Making insurance a piece of your portfolio pie

Everybody knows the normal investment strategy. Stocks, bonds, cash, and mutual funds. But insurance? Yup, you bet.

You should have enough insurance coverage equal to 4 to 5 times your annual salary. You never know when you will need that coverage. It's always better to be safe than sorry. It's also wise to shop around for insurance rates. They can vary widely amongst insurance companies. You should also check out some of the great sites on the internet to get information applicable to your situation.

Most people don't like to think about insurance because of it's morbid connotations. But it's always better to plan ahead and be prepared than not have the money when you need it most.