There are many different types of insurance. Some you need and some you don’t. The ones you need are not too exciting. They just prevent you from going broke if an “event” occurs. Realize that for an event to be able to be insurance, it has to be unlikely to occur. There is only one exception to this rule I know of.
For insurance you need to have the best we can do is minimize the damage. If you spend more than you have to on these insurances, then you are siphoning off (transferring) unnecessarily, some of your future wealth.

Our focus should quickly rest on the insurances you want to buy not the ones you need to buy. Most people miss the opportunity because they just don’t know!
It takes a tremendous amount of effort to educate you on insurance in order to get you to the point you “want” to buy. These can be significant tools to assure that your dreams become a reality.

When dome properly you should realize the costs do not need to be significant. And the benefits of security, liquidity and control can be …. Well, PRICELESS!