If you are a muslim then it is not Allowed to have life insurance as it is a form of riba and gambling
There are two angels to it
1) The believer rather than relying on insurance from Allah relies on his creation and falls into riba in his/her fear of an uncertain future
2) Its gambling as you say 'I put $10 and will get back $100 if I break my leg' also this is an unfair increase.
Hence, it clearly falls into riba and gambling, so if you are a muslim you need to take that into consideration.
If you are a muslim then it is not Allowed to have life insurance as it is a form of riba and gambling
There are two angels to it
1) The believer rather than relying on insurance from Allah relies on his creation and falls into riba in his/her fear of an uncertain future
2) Its gambling as you say 'I put $10 and will get back $100 if I break my leg' also this is an unfair increase.
Hence, it clearly falls into riba and gambling, so if you are a muslim you need to take that into consideration.