CB, I have insurance for things I can't afford to lose. I can afford to lose my house, life, car, household effects and health. I'd get out the chequebook and replace them. The family is financially running their own shows now.
When the tribe was young, I was working for BP and they gave us [me] life insurance. When we had a mortgage, and couldn't afford to lose the house, we had compulsory insurance - house insurance isn't too expensive.
I'm not rabidly anti-insurance.
But being a careful person [sort of] I don't like paying for careless clowns, wastrels, thieves, administration, profits and taxes. I find they are socially pathological and I best stay clear of associating with them.
In NZ, we also have compulsory state welfare insurance. We pay taxes and they pay dole, domestic purposes benefit, pension, urgent medical treatment and life-threatening treatment. Nobody is on the street. Nobody starves. Nobody dies of a broken heart - well, they do via depression and suicide, but not from a sudden untreated heart attack.
In the USA, my attitude to insurance would be different in many respects.
Mqurice |
