As I’ve stated before, I have a natural built-in aversion to many insurance products. Mainly, this is because they are so heavily marketed and advertised (and you know how I feel about that). I just am usually not convinced that we need that much protection.
I’m not saying we don’t need any insurance. We actually need quite a lot of it.
- If you drive, you need car insurance.
- If you live in anything other than a tent, you need renters or homeowners insurance.
- If you enjoy living long and well, you need health insurance. Disability insurance is also a good one here.
- If anyone depends on you, you need life insurance.
Though it’s who provides that last one that can have some interesting flexibility.