Its going to get morbid sonnnnn!
Get insured! I’m not a walking talking insurance advertisement. But it’s incredibly important to get insured. I am not talking about the life insurance policies that people sometimes mistake for ‘investments’. Nopedydope.
Look for a good term insurance. The sum assured is higher, and yes you don’t receive anything if nothing happens to you during the term (like the next 40 to 50 years), but like I said, this isn’t an investment, this is a back-up. So yes, there are other term insurance policies wherein you do get a sum assured. You need to shop for something that fits you well. Again, this is in NO WAY an investment.
Its also relatively less expensive than getting a full blown life insurance policy. This is boring me as I write it, I can only imagine what you’re going through. Bare with me for a little more while, I’ll try and keep this one short.
Couple of things to keep in mind for term insurance policies,
- The younger you are, the cheaper it is. Meaning, the older you get…the more expensive it becomes. Tick Tock!
- If you smoke, you pay more
- If your BMI is high, you pay more (Yes, BMI is not the best measure of health, but thats the way it works in the insurance business)
- If you have any other health conditions, you pay more.
Goddamn, all these conditions, and yet – I’m asking you to get a term insurance. What gives? Because of the total amount your family gets if something happens to you is UNMATCHED compared to other insurance policies out there. And if nothing happens to you, then hey! Thats great news, you survived! Go retire in some happy beach town and chill.
In 2019, someone in my family was diagnosed with cancer. That news was incredibly hard to digest, and the stress it put on my family was immeasurable. The hospital bills as you can imagine were astronomical, and we could only afford the treatment because we had a rock solid medical insurance. If you’re employed then make sure you are covered from your job. But I would insist that you get a separate medical insurance for yourself and family if possible. In case something terrible happens, you don’t want to weigh your decisions against how much money you have.
In case you’ve gotten this far, the family member has completely recovered now and is in remission. So I’d like to end this rant here. Thats all! Get insured, stay healthy!
The Money Wellness Studio 
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