Access: http://www.ianrpubs.unl.edu/epublic/pages/
publicationD.jsp?publicationId=544
Complete the assignment below, following the directions or answering the questions that follow:

• Why does this reading say that before purchasing insurance it’s important to determine your risks and insurance needs and how you could adequately address them.
• Why can it be said that the reason for insurance is to protect policyholders against the risk of unexpected losses?
• Summarize the four steps in the insurance decision-making process.
• What advice would you give someone about whether they need insurance to guard against a particular risk?