joining me, jonathan clement.eet journal" columnist and author of jonathan clement's money guide 2015. every time you have an article i always stop and read it because it speaks to everybody who cares about their money. who among us doesn't. but you distilled a couple issues that you feel mistakes people are making right now. i want to get to them. number one. >> one of the big mistakes, people are underinsured. things like health insurance, disability insurance and life insurance. for instance, the typical american has $167,000 in life insurance. that is three times the median household income. one rule of thumb people should have five to seven times income. liz: why? i look at insurance. these guys are there when the sun is out and minute you need them they're not there. i have that view of insurance companies sometimes. listen it is not always true. but if you're dead, what do you need insurance for? >> so one of the things people think about is, okay i don't need disability insurance? what is the chance i beco