I remember in class in high school how we talked about insurance and the different types. But I don't remember ever talking about anything specific or anything other than auto, life and health insurance as general terms for all types of each. We never went into any detail about what kinds of each insurance there were or learned anything useful about them. Then when I got to college and took personal financial planning, I learned about how to plan to budget for insurance that would be needed, but not really anything about the actual kinds of insurance I would need to purchase with all of this money I have supposedly saved up. So I guess I am just wondering when in our lives we actually get to learn these things. The furthest we got to researching any insurance was online auto insurance for class and it was only because we were looking at different quotes and prices for the different kinds of cars or driving histories.
It just scared me to think that I am 21 years old and have never formally been introduced to the kinds of insurance that I will need (maybe to save my life one day) in detail. Of course I know my dad will be here to help me out and decide when I am older, but still, with such an important decision, we should be more educated about the options that we have (or at least hear about them).
There are kinds that I have never even heard about like Christian health insurance or interim health insurance which I am sure are both kinds of insurance that are helpful and deserve attention. It just seems like it is impossible to make a choice about what kinds of insurance you need to purchase when the time comes, if you haven't learned about all of your options and how each would affect you. At the school I go to right now, if you aren't in that particular major, like business or risk management or accounting or something similar to those, you don't usually take the higher level classes in that area (mainly because you need to spend that time take high classes in your own area) so you usually only take 100 or 200 level classes and rarely those go into the kind of detail that you would need or would be helpful, like when I took personal financial planning 110. I really do think we need to be learning these things earlier in life though than as college students because 1. Some people don't go to college and 2. A lot of people are already having to pay for insurance by the age.