A method and system for insuring a reward of an individual are disclosed. The method may include processing information associated with an account of the individual having an associated reward, the reward being redeemable for a good or service. Insurance coverage may be provided for the reward based upon the information, the insurance coverage operable for reissuing at least a portion of the reward after the reward is redeemed for the good or service and after a qualified loss occurs in relation to the good or service.