Agree to disagree: in real life, the best strategy is to pay the highest premiums and buy as many add ons as you afford so you're protected against many financial risks.

Answer 1

Disagree. While it is important to have adequate insurance coverage, paying the highest premiums and purchasing unnecessary add ons may not always be the best strategy. It is important to carefully assess your individual needs and risks and choose a policy that provides the appropriate level of coverage without overpaying for unnecessary extras. It is also important to consider other risk mitigation strategies such as maintaining an emergency fund and practicing good financial habits.