Although it may seem like you can buy insurance for just about anything nowadays, insurance companies do not currently offer protection against financial losses from poor investment choices or market downturns.
Perhaps you've heard people talk about portfolio insurance. This really isn't insurance at all. It's actually a complicated investment strategy that involves stock options and various other hedges in an attempt to protect a portfolio of investments against losses.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.