Advice From Current Pros- Quit a $100K Job? (long)

[ChuckyB]

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If you're so well off, I'm not sure why you need insurance. Insurance is a sucker bet. If something bad comes along, you can probably set up a payment plan with the hospital, or at least draw on your HELOC or something. You can probably negotiate your costs down with the hospital, as well.

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Insurance is a sucker's bet? How old are you?

Anyway, the guy's got a kid. Even if he and his wife are pretty healthy, kids have a lot of medical expenses...

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To be fair -- and forgive me, I live in Canada, the land of universal insurance -- insurance companies don't stay in business because they're a losing proposition. It is a 'sucker bet' (for lack of a better term) because the odds are in the company's favor. However most people don't have enough money to handle things if the worst happens. So we'll pay $700 a year in house insurance (mine) 'cause I could never afford $70,000 to replace it. If I had hundreds of millions...screw it.