> but generally people don't make enough for that to be worthwhile.
Yes you do.
But it doesn't have to be a zero sum game anyway. Both you and the insurer could be better off.
Life insurance is a dumb idea. But if you're human then sometimes dumb ideas stress you out. So to pay to lower that stress might be worthwhile.
But it's complicated. If you have a fire in your house sure it'd be nice to be insured.
But OMG you house just burned to the ground, you might have died, what if it happened at night, something way worst might have happened.
Your energy is better spent on fire proofing your house. You should never plan for events where you might die, you should reduce the risk of dying. If you really think theres a chance you house might burn down, perhaps you should move houses. That is more logical but less human.
That is correct, but disability insurance is far more important than life insurance.
If you die, your spouse can marry again, your kids will be able to work at some point and so on, there are no additional costs. If you're disabled, it becomes a massive, long-term, cost burden.
You obviously have no concept of marriage or the cost of an education for your kids. Life insurance is there to make sure your families life isn't utterly ruined. Your suggestion is to leave the spouse forced to marry someone rich fast and have the kids work at McDonalds.
And where exactly did I propose not having life insurance? Would you mind copying and pasting the text here?
If you have to choose between disability and life insurance, go with disability insurance. If you have enough money to pay for both, pay for a lot of disability insurance and some life insurance. Probably 10-20 times more disability than life.
The problem is that even if you fireproof your house, your house can still burn down. It makes more sense to fireproof your house AND have homeowner's insurance. You can't lower your risk of negative events to zero, but even so, that's not the point of insurance. The point is to have a safety net should some improbable event happen. I don't care how fireproof you make your house, it could still burn down, and you don't want to be without insurance when it does.
Yes you do.
But it doesn't have to be a zero sum game anyway. Both you and the insurer could be better off.
Life insurance is a dumb idea. But if you're human then sometimes dumb ideas stress you out. So to pay to lower that stress might be worthwhile.
But it's complicated. If you have a fire in your house sure it'd be nice to be insured.
But OMG you house just burned to the ground, you might have died, what if it happened at night, something way worst might have happened.
Your energy is better spent on fire proofing your house. You should never plan for events where you might die, you should reduce the risk of dying. If you really think theres a chance you house might burn down, perhaps you should move houses. That is more logical but less human.