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A comment on Tontines may make sense despite their history of disrepute. Parent comment

Re:Tontines may make sense despite their history of disrepute by maxerickson on Wednesday June 08, 2016 @09:58AM (#11862280)
In the US, I think it's fair to say that the typical insurance policy is required somehow or another.

I guess there are lots of people that rationally purchase homeowners insurance, but there's also lots of people that purchase it as a requirement of their mortgage. Auto and medical both have lots of government rules that push people to purchase them.

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Re:Tontines may make sense despite their history of disrepute by sokoloff on Wednesday June 08, 2016 @05:30PM (#11865830)
Yes, but the compulsory liability insurance in my state is something ridiculously low (like $20K, IIRC). I carry a significant multiple of that, which is an example of buying optional insurance.

Life insurance is another purchase that's typically voluntary.

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