Portfolio Insurance

Here’s a quick pop quiz: how many people do you know that have assets worth protecting and, in addition, own life insurance as a result? My guess is that most people will say something like: “Almost everyone I know”. Exactly. Here’s my follow up question: is your portfolio an asset that you think is worth protecting? In other words, if you could buy some sort of insurance policy against a major drawdown in your portfolio, is that the sort of thing you’d be...