Question

Financial Issue Discussion #3--Insurance is so expensive that it is not worthwhile. You can just save the money yourself and not make the insurance companies so rich.

Paragraph #1 must start with the heading:  “State your position on the issue”.

Paragraph #2 must start with the heading: “Provide a personal experience that you have had or have read about with that issue”.

Answer 1

Insurance provides Protection

if we think of an insurance service we can be assured that we will be remitted some amount to fulfill our needs in the times of crisis. if we plan to save money on our own then it may not be enough for us to meet all our needs. the insurance company, on the other hand calculates a required amount of premium for an insurance product and is able to serve all the needs of the insured person. there is no risk of solvency with an insurance company as there are various regulatory and compliance measures applicable on it.

Personal Experience with an Insurance

There was an instance wherein i opted for an accidental insurance and was saved from the hassle of collecting money in the event of a hazard. it was a seamless experience and there was no problem in getting the amount. i would not have been able to save so much money if i tried to do it on my own. an insurance allowed me to bear the costs of the hazard without any additional burden.