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Insurance seems to be worthwhile especially as you get older. It protects us from major catastrophic events.  However, insurance is also expensive.  Many companies offer insurance such as medical, life, long term care, disability, etc.  The bigger the company, typically, the less expensive the insurance.  The cost of insurance is also an example of an item that is more available for those who have, than those that do not have.  Many people cannot afford insurance.  I think the question one should ask before getting insurance is, is can I afford it or can I not afford it?  I think one should weigh the risk of having the insurance versus not having the insurance.  For example, should everyone have medical insurance?  If you are young and healthy, do you really need it?  Do I need long term care insurance for when I get old?  When should I get life insurance?  These are all questions that need to be answered by whatever your situation is.  Health insurance is probably the one insurance that everyone should have as well as car insurance.  Other insurance is dependent on your situation – weighing risks, finances, age, etc. Interestingly, in 2018, 8.5% of Americans did not have health insurance which is about 27.5 million people.   

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