Only what is required...

Below are some interesting observations made by a Starbucks barista regarding meeting the challenges of this economic environment... doing only what is required.
Wise choice on raising deductibles...not just to save money, but to focus insurance dollars on the critical and not on maintenance. Also, minimizes claims. Insurance companies look at the number of claims, not the size of the claims, in pricing, or even making available insurance to prospective customers.
It is certainly unfortunate those who only do what is required that Life insurance isn't a legal requirement - but clearly no one, including (and I think especially) the government can save us from ourselves.

Life Insurance Insider, Oct 7, 2008 - What is Required

"I'm talking about the sort that start to have some considerable consequences if you decide to make them," she said. "For instance, my husband and I have two kids under the age of five so we keep a really low deductible on our auto insurance. And thank goodness we've always done the same with our homeowners insurance, so our out-of-pocket expense to fix the roof after Hurricane Ike was minimal."She shrugged and said, "I guess it's like a combination of an educated risk and a gamble. But I think that in order to have the finances available we need right now on a monthly basis, we're going to have to raise those deductibles."She snapped on the lid for my coffee. "Because it's not like you can just totally cancel those insurances and keep the monthly payments for other things," she said. "You buy a car and if it's financed by a bank they make you get insurance for it. Same thing with a house. You have no choice." She handed me my coffee and said, "Isn't it interesting, though, that nobody forces you to get or keep life insurance?"