Investing vs. Insurance

Started by Roxanne J.
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Roxanne J.

I read an article recently that cast my beliefs about insurance into doubt. The long and short of it is the idea that you're ALWAYS better off investing the money that you would have otherwise paid toward insurance premiums, as long as you can stomach the risk and deal with the worst-case scenario (and that's a big if).

What types of insurance do you think are ALWAYS justifiable versus just sticking the money into index funds instead? What types of insurance are a terrible deal versus investing the money instead?

Aforementioned article for reference: https://www.tripofalifestyle.com/money/how-much-insurance-do-i-need/

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