Pretty much the whole concept of insurance is a little mystifying - you basically put your trust in multinationals who will make a profit denying your claim. After basic trust issues, I can understand the reasons for protecting huge investments such as house and home, but when it gets down to personal items we have to wonder where all the money is going and if you'll be better off in spending the money on preventions, such as a stable investment - what would happen if all the money you spent on life insurance was spent on investments instead? You're riding the odds but on average, you'll be better off unless you're the one of the million in which a disaster happens to - so I suppose insurance is all related to the amount of risk you are prepared to take. As you get older, you get less risk adverse (as seen by the old drivers who drive 30 mph everywhere - haven't' they got less to lose?)
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