What is the correct answer to the question? This was a recent email exchange I had with a reader: Reader's email: Hi AK,   Did you get any private insurance to complement your eldershield? Thanks. My reply:   Nope, I didn't. I don't need Eldershield but I gave in to a friend's persuasion to do collective risk sharing. :) Reader's reply: My reply: Well, insurance should be bought on a need basis. If we are reasonably sure that we will have enough resources to see us through years of reduced physical capacity, we don't need Eldershield. This is true for me but I decided to help lower the cost of risk pooling for others who might need Eldershield. ;) First, we should understand what is Eldershield: ......