Course 1110 lessons

Insurance and protecting your money

How insurance turns big rare risks into small steady costs, the main types worth knowing, and how much protection actually makes sense for your life.

What is insurance and how it works

Insurance is a way for a large group of people to share the cost of rare but expensive misfortunes. Everyone pays a small, regular amount into a shared pool, and when something bad happens to one person, the pool pays out to cover it.