Most people hate insurance. They pay for something and hope they never use it. Moreover, they see it as wasted money. In other words, they think insurance is just a tax on people who are scared. Yet here’s what nobody tells you: insurance isn’t really about money at all. Rather, it’s about time travel. In fact, it’s about your future self thanking your present self for making a smart decision today. Once you understand this, insurance stops being annoying and becomes one of the smartest things you can do.

Why We All Get Insurance Wrong

Think about how people talk about insurance. They complain about paying premiums. Furthermore, they hope they never need it. Therefore, they see it as money going nowhere. However, this view misses the entire point of what insurance actually is.

Consider what insurance really does. It’s not saving money. Rather, it’s protecting you from disaster. In the same way, it’s not an investment that grows. Instead, it’s a safety net. Thus, comparing insurance to other ways to spend money doesn’t make sense. Because of this, asking “will I get my money’s worth from insurance?” is the wrong question. Rather, the real question is: “can I handle disaster if it happens without insurance?” For most people, the answer is no.

Furthermore, this is where people get stuck mentally. They pay their insurance premiums every month. As a result, nothing bad happens. Therefore, they feel like they wasted money. However, this is backwards thinking. In other words, insurance worked perfectly. Moreover, you got exactly what you paid for: protection. Thus, the fact that nothing bad happened is the whole point. In addition, that’s how insurance is supposed to work.

Insurance as a Gift to Your Future Self

Now here’s the way to think about insurance that actually makes sense. Imagine you can send a message to your future self. Moreover, imagine you can include a gift of money for emergencies. In the same way, you can say: “Hey future me, I’m sending money now so if something bad happens, you’ll be okay.” Therefore, that’s what insurance is. It’s a gift from your present self to your future self.

Think about this carefully. Today, you have health. Furthermore, you have a steady job. Thus, nothing seems urgent. However, you don’t know what’s coming. In the same way, nobody knows if they’ll get sick. Therefore, accident could happen. Moreover, you might lose your job. In other words, the future is uncertain. Thus, your present self can do something smart: protect your future self from things you can’t predict.

For instance, imagine you get seriously sick next year. Consequently, you need expensive treatment. Therefore, without insurance, you might lose everything financially. However, if you have insurance today, your future self is protected. In the same way, imagine you cause a car accident. Moreover, you’re sued for damages. Thus, without liability insurance, you could face financial ruin. However, with insurance, your future self is safe. Therefore, insurance is really about caring for your future self enough to protect them today.

The Hidden Cost of Not Having Insurance

Here’s something people don’t think about: the cost of not having insurance is actually higher. In other words, you might save money on premiums. However, if something goes wrong, it costs way more. Furthermore, the financial damage can be permanent.

Consider medical debt. In the past, people often lost everything because of medical bills. Moreover, this still happens today without insurance. Therefore, getting sick can make you homeless. In the same way, it can destroy your family’s finances. Thus, skipping health insurance to save on premiums is actually extremely risky. Because of this, it’s one of the worst financial decisions you can make.

Additionally, think about liability. In other words, if someone gets hurt because of something you did, they can sue you. Furthermore, you could owe hundreds of thousands of dollars. Therefore, not having liability insurance is gambling with your future. In the same way, you’re betting that nothing bad will happen. Thus, when it does happen, your future self pays the price.

Moreover, there’s another hidden cost: stress and worry. In other words, if you don’t have insurance, you spend your life worried. Therefore, you’re afraid to do normal things. In the same way, you’re anxious about accidents that could happen. Thus, this stress costs you in ways money can’t measure. Furthermore, it affects your health and relationships. As a result, having insurance actually improves your quality of life by removing this worry.

Different Types of Insurance, Same Idea

Now, there are different kinds of insurance, but they all work the same way. Health insurance protects your future self from medical costs. In the same way, car insurance protects you from accident costs. Moreover, home insurance protects you from property damage. Furthermore, life insurance protects your family’s future if something happens to you. Thus, each type is really the same gift: you’re protecting a future scenario that you hope never happens.

Consider life insurance specifically. It seems sad to think about. However, it’s actually one of the most loving things you can do. In other words, if you have people who depend on you, you’re saying: “If I die, I want to protect their future.” Therefore, your future self won’t be there to take care of them. In the same way, life insurance is you taking care of them even though you can’t be there. Thus, it’s insurance with a heart.

Furthermore, disability insurance works similarly. In other words, if you can’t work, your income stops. Therefore, your future self needs money to survive. In the same way, your family needs to eat and keep the house. Thus, disability insurance is you protecting your future self from a scenario you don’t want to think about. Moreover, it lets you focus on healing instead of panicking about money.

The Real Value of Insurance

So here’s what insurance really costs and what it really gives you. The cost is straightforward: monthly or yearly premiums. However, the benefit is something much bigger. In other words, it’s peace of mind. Furthermore, it’s the ability to sleep at night. Thus, you’re not lying awake worrying about disaster.

Additionally, insurance gives you freedom. In other words, without it, you have to be afraid. Therefore, you limit your activities. In the same way, you avoid risks that are part of normal life. However, with insurance, you can live. Moreover, you can take reasonable risks. As a result, you actually experience life instead of hiding from it.

Furthermore, insurance protects your family. In other words, if something happens to you, they’re not destroyed. Therefore, they can move forward. In the same way, they don’t lose their home or savings. Thus, you’re protecting the people you love. Moreover, this is one of the most important things you can do.

Making Smart Insurance Choices

So what should you do? First, get health insurance. Furthermore, don’t skip it to save money. In the same way, if you have a car, get car insurance. Thus, you’re protecting yourself from financial disaster. Second, if people depend on you, get life insurance. Therefore, you’re protecting them. Moreover, it’s often cheaper than people think.

Additionally, think about what risks matter to you. In other words, what would hurt your future self the most? Therefore, insure against those things. In the same way, talk to an insurance professional. Furthermore, they can help you understand what you actually need. Thus, you won’t waste money on unnecessary coverage. However, you also won’t skip important protection.

Moreover, review your insurance regularly. In other words, your situation changes. Therefore, your insurance needs change too. In the same way, you might be able to save money by adjusting coverage. Thus, don’t just set it and forget it.

Understanding Insurance as Time Travel

For a deeper look at how insurance is really about protecting your future self, explore insurance as time travel and protecting your future from present decisions. This article explains the concept in detail. Furthermore, understanding this perspective changes how you think about every insurance decision. Therefore, your future self will thank you for reading it.

For reliable insurance information and comparisons, InsureMe offers free quotes and guides to help you find the right coverage. Additionally, the National Association of Insurance Commissioners provides consumer information about insurance laws and protections in your area.

The Bottom Line

Stop thinking about insurance as wasted money. Instead, think about it as a gift to your future self. Therefore, when you pay that premium, you’re not losing anything. Rather, you’re protecting something valuable: your future. In the same way, you’re protecting your family. Moreover, you’re protecting your peace of mind. Thus, insurance isn’t about money at all. Rather, it’s about love and responsibility toward your future. Furthermore, that’s something worth paying for. Therefore, the next time you pay an insurance premium, remember: you’re not wasting money. Rather, you’re taking care of the person you’re going to become.