Insurance

What is insurance and why is it so important to have in society?  Why does an insurance plan make sense?  According to trusty Wikipedia, insurance "is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss" (Insurance).  What does all of this mean?

What's the difference between companies and their policies?

Obviously, not all companies are the same.  Excluding rates and service, much of the company's credentials lies upon customer satisfaction.  True, most jobs include insurance for its employees, so health insurance may not be up to what you would like.

(Work in progress)

Stay healthy! (Photo courtesy of Dreamstime.com)