What is the definition of Self Insurance? 🙋 🔍
Self insurance is like saying, "Hey, I'm not worried sick about getting into trouble! I've got my own plan to take care of me, just in case you start a wild goose chase with me and end up bankrupt!"
But here's a bit unsettling: "After years of dodging the insurance companies and their high deductibles, John finally decided to self-insure his retirement. Now he's questioning whether his savings account is actually going to pay for his own life support system when the unexpected happens!"