I recently had to use an insurance plan, and was reminded of my dad’s description of insurance as “the bet you want to lose.” Growing up, I found this a very helpful way of looking at insurance.
Of course, no one wants to die, or have their house burn down, or get involved in a terrible car accident. However, if any of those things happen, you probably would like some financial backing to take care of business.
This is why I cringe when I hear people talking about how (all) insurance is a waste of money.
Continue reading “The Bet You Want To Lose”