Episode 39: Protecting Pets

Pets are an important part of many families. On this episode of Making Cents of Money, we talked with Presley Fee of the University of Illinois' Financial Planning program to learn ways to manage financial risks, like vet costs and considerations for purchasing pet insurance. Tools: • Is Your Financial Security at Risk? Via University of Illinois Extension: https://web.extension.illinois.edu/risk/intro.cfm • Pet Health Insurance via Illinois Department of Insurance: https://www2.illinois.gov/sites/Insurance/Consumers/ConsumerInsurance/Pets/Pages/pet-insurance.aspx • Cover Your Assets webinar recording: https://youtu.be/zXpO_wA2q-w Statistics Sources: • Pet population still on the rise, with fewer pets per household. via American Veterinary Medical Association: https://www.avma.org/javma-news/2021-12-01/pet-population-still-rise-fewer-pets-household • Pet Insurance Market Share, Upcoming trends, Size, Key Segments, Growth Status and Forecast 2030 via MarketWatch: https://www.marketwatch.com/press-release/pet-insurance-market-share-upcoming-trends-size-key-segments-growth-status-and-forecast-2030-2022-04-05 • Average cost of pet insurance via ValuePenguin: https://www.valuepenguin.com/pet-insurance/average-cost-of-pet-insurance • How much does pet insurance cost? via US News: https://www.usnews.com/insurance/pet-insurance/how-much-does-pet-insurance-cost • How much does pet insurance cost? via Forbes: https://www.forbes.com/advisor/pet-insurance/pet-insurance-cost/