Fundamentals of Risk & Insurance

by Emmett J. Vaughan, Curtis M. Elliott, Curtis M. Elliot

Book Overview

Retaining the purpose, organization and approach of its successful predecessors, this consumer-oriented update summarizes the pervasive nature of pure risk on the individual and society, illustrating the way in which insurance can be used to deal with problems posed by such risk. It is both a book on insurance theory and how students can use insurance personally. Features two new chapters: "Managing Personal Risks" and "Managing the Retirement Risk."...

• Format: Hardcover
• Language: English
• ISBN: 0471055964
• ISBN13: 9780471055969
• Release Date: September 1998
• Publisher: Wiley
• Length: 720 Pages
• Weight: 3.30 lbs.
• Dimensions: 1.4" x 8.2" x 10.3"

Customer Reviews

Very Good

I thought it would be a sleeper,but quite the contrary..I wish I would have read this book 20 years ago.

How Do I Write a Review about an Insurance Book?

Well, I guess I can try to review this book from the only perspective I read it from: that of a student. I had to read it for my CFP class on Insurance, and, as an introduction to most forms of insurance, it explains the forms in a very methodical and systematic way; it was very easy to follow and tough to get completely lost.Honestly, I was never really fascinated with insurance. My life-licensing class was 24 hours of classroom time spread out over one weekend, so maybe that has created some insurance-related intellectual scars. The sections on Life Insurance and the basic components of any insurance contract and the whole insurance process were already familiar to me, so I found those sections incredibly uninteresting. The other forms of insurance were much more interesting and gave me a great foundation for other insurance studies I've done since.The prose of the book, too, flows extremely well. In fact, I usually just lightly read passages explaining computations and formulas because I come back later to review them in-depth; however, while reading this book, I actually felt I fully understood most of the computations even while I read (which almost never happens because most formula-explaining reads much like Kant's "Metaphysics of Morals").Just one closing point... I guess you'd have to be either Insurance Commissioner or a professor of insurance to be really interested in this material, but the authors write in a way that allows even the average CFP or insurance student to come away from the book with a good sense of how insurance works and where it fits into an individual's financial plan.