We Don't Need An Accident

Someone at work is pitching supplemental insurance at work, like accident insurance. Is it a good idea?

QUESTION: Ryan was approached about supplemental insurance at work, called accident insurance. What does Dave think of it?

ANSWER: Accident insurance is a gimmick and I wouldn’t buy it. I don’t buy cancer insurance because your health insurance covers cancer. I don’t buy heart attack insurance or short-term disability insurance either, because your emergency fund covers that. I buy long term disability insurance and high quality health insurance. The rest are gimmicks.