Any insurance you buy is a personal risk-reward analysis. Any time you choose not to insure something, you're taking on some amount of risk. Insurance eliminates, or vastly reduces, that risk. Life insurance provides peace of mind, in that it mitigates the loss in income to your family if you were to pass on. Health insurance mitigates the possibility of high healthcare costs, especially for complex procedures. Automobile, homeowners, and renter's insurance all insure your property against unknown disaster. Long term disability insurance is another option. Long term disability is another risk you can insure against. If it is something that you can afford, the knowledge that you are mitigating the potential risks and ensuring that you and your family will be secure if something ever occurred. It can be a valuable resource in protecting both your finances and your mental well-being if anything should happen that requires long term disability insurance. Long-term disability payments don't replace your salary in the event of something happening. They provide income protection in the event that an illness or accident prevents you from working for a period of time, in other words: a financial buffer that is usually around 60% of your salary.