One of the biggest reasons we take out insurance cover is to protect our loved ones. We want to make sure that if anything happens to us and we are unable to work and earn an income, there would still be food in the table and bills would be paid.
But what would happen if your children got seriously ill? Most parent would want to take time off to be with their children - and 5 days of annual leave might not cover it. If you wanted to stop working, could you afford it?