Module 6: Risks, Protection and Insurance

No matter how well you save and plan, life is unpredictable. Something can always happen that wipes out your entire financial future in one blow: your house could burn down, you could become incapacitated for work, or you could accidentally cause serious damage to someone else. Insurance was invented to keep us from being financially ruined by such unexpected events.

In this module we do not look at specific policies, but at the absolute basic principles of insurance. This is fundamental knowledge for later understanding the Dutch pension system (which is, at its core, also one big insurance scheme).