Let’s face it – no one likes to pay insurance premiums. While we may experience moments of gratitude for having health insurance coverage, fire and flood insurance, or car insurance, many people dream about the day when they will finally be wealthy enough to just forget about insurance altogether. After all, if you have enough money in the bank to take care of life’s curveballs, why give any of it to the insurance company?
Read MoreI have heard this said multiple times when talking to experts about Long-Term Care Insurance. Due to the high cost of this insurance most people can't afford to pay the premiums even if they need it. If you are able to fit this expense into your budget you may be better off self-insuring.
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