The cost of insurance can be quite high especially for life insurance if obtained when one has a medical condition but can at least alleviate anxiety of spouses who worry about their financial security if their partner dies early. because then they can get financial help to pay for mortgages/rent etc. Also, for car insurance, the premiums can be high but if one gets in an accident, especially if one does not have fault, then the cost of repairs and some medical treatment will be paid.
<span>Having insurance can cost a lot of money. It can cut into your monthly income and make it hard to pay for other things. However, not having insurance can lead to financial disasters if unexpected events happen.</span>