I have waited to discuss this topic because it has such broad ramifications.
Do you know how insurace came into being? The story I have been told is that it was created by people whose husbands worked on sailing vessels. There was not such thing as insurance and it was a very hazardous occupation.
Ships sometimes didn't ever make there destinations or didn't return home in which case family's were left without a source of income because the breadwinner died during the voyage either due to illness or the ship going down.
Initially the families of the men on the vessels would pool their money in the event of a tragedy and pay the people who lost family members from that pool of money - that was insurance.
Today's health, life and property insurance costs people enormous amounts of money. It puts as strain on the medical care we receive or don't receive. If an insurance company is slow to pay or denies a claim and unsuspecting insured person is left flat footed scrambling for ways to take care of bills.
Insurance really needs to be re-invented or disposed of as an unnecessary expense.
The Amish don't have insurance and they help each other in times of crisis - I applaud the way they handle their debts and responsibilities.
I look forward to hearing from you about your thoughts and comments
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