#1: Knowingly underinsuring any major risk that you could cover inexpensively.
#2: Naming minor children as beneficiaries of a life insurance policy
#3: Using term insurance for permanent insurance needs
#4: Calculating life insurance needs by rules of thumb rather than by assessing your actual circumstances.
#5: Gernerally overestimating coverage under Medicare.
#6: Expecting Medicare to cover a sustained need for long-term care.
#7: Ignoring the need for disability insurance.
#8: Carrying unrealistically low limits under your liability policies.
#9: Carrying inadequate debuctibles on property/casualty insurance.
#10: Carrying collision coverage on an in expensive automobile.
