I'm not saying one should NOT wear a "seatbelt" but,instead of giving someone your money to put a "seatbelt" on for you,why not just keep that money and put the "seatbelt" on yourself?Why not save that monthly premium yourself?
$500k?We talking operations and major costly sicknesses.Suppose it depends with each individual.How often do they get sick?How bad is the sickness?How costly is it?What type of badluck befalls a person?Accident,death,etc.
Example:
Say you spend about $2k on insurance a month.
$2000x12 months=$24k
In a year you gave a stranger $24k to put a "seatbelt" on for you.And..and you not even sure whether or not they will pay out or live up to their word should anything bad happen to you.
I have heard some people who've had bad experiences with insurance companies.Some don't pay out.Some don't live up to their word.My relative works for a huge insurance company and they do a lot of fraud - according to him.
If only the operation was kept honest,indianabob,if only!
Pet insurance,life insurance,medical insurance,bike insurance,car insurance and wait for it...there is now, salary insurance,business insurance.Then there is what we call in my country,unions,they are a type of an insurance - like,"pay us x amount per month,then should you get dismissed unfairly at work,or mistreated,we will fight for you."!Insurance insurance and more insurance.Then there is the insurance of having a lawyer to fight your battles,should any badluck fall upon you.
Mmmaan!!This life is expensive!
What a life!!