This is what I tell my kids -
If you are at all able, circumnavigate around a great evil called 'insurance'.
For safety, you'll need to start off with capital. You save up $10G, bank it, and call that your insurance account. In your late teens and early 20's, you deposit the equivalent of your comprehensive (extra) car insurance into the fund. Unfortunately, you are without option for medical insurance.
As you life begins to involve other insurances, like income, life, particular assets, etc (my partner pays insurance for farkin everything), deposit into your own insurance account. The odds are you'll wind up very much on top. Just like insurance companies do. And you'll always pay yourself out.
By your mid-40's you should have several $100ks in that account, which should cover just about anything you would rationally take out insurance for. And by the time you are at retirement age, you can say 'fark you' to everyone and everything, and fund your retirement. The only way this system doesn't work, is if you are unlucky enough to have a major incident early on.
Or you can do what everyone else does - throw your money away to mega-corps.