Pashuteh Yid: Yes, I have insurance on my home and also on my car. But that’s only because I have NO CHOICE. I have nothing against people who own life insurance, either. I know that many Rabbonim hold that it’s OK. But there’s a difference between “OK” and “preferable”. Each person should make his own decisiion based on daas Torah. We, personally, do not hold by it.
Kitzur_dot_net: I’ve already spent enough years in Israel (practically a decade). It’s much easier to raise children to be ehrliche yidden here in the States than there in that treifene medina.