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Insurance
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Insurance is generally to off-load risks that you can not afford to take.

Most of us can't afford to pay off someone's life if we run over them with a car, so we have auto insurance. Most of us can't afford to replace our entire house, so we buy house insurance.

But there is a ton of insurance out there that's probably a terrible deal. Long Term Care insurance is generally a bad deal these days. Perhaps the situation will change, but the way insurance companies currently structure their deals, they are almost always a bad deal.

Insurance on consumer items are generally a bad deal, though some are a wash math wise. It just depends on the particular product. If you just default to no, you will probably be rewarded financially.

Disability insurance and life insurance are complicated. If you are the sole income and you have dependents, then they are probably worthwhile. If you are financially independent, they are almost certainly useless. If you are single, no children, they are probably not worth it.