If you just paid all those premiums to yourself over the years, you'd probably be way ahead - with the exception of catastrophic healthcare insurance.It all depends on what you are insuring against and why you have the insurance.House insurance. When I was 30, if my house burned down, I couldn't rebuild it. Now that I'm almost 50, I could but it would take most of my retirement savings and set back my retirement date a few years. Sure over the past 20 years that policy cost a nice sum, but still not enough to replace the house.When used properly, insurance protects you against catastrophe. LTCI, I'm still kind of iffy on.I wonder how many of those companies selling it are publicly traded companies that have to worry about share holders?JLC
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