There is this device in my car, maybe you have it in your car too, and when I turn it on, the world comes into my vehicle. For the uninitiated - this is called a radio. For the most part, this device provides insights into the world (news, weather, sports and traffic info) as well as entertainment in the form of music. There is a satellite version of this medium, but I don't drive enough to make it worth the cost, so I have to deal with commercials on this device.
One of the more annoying (but ear-catching to me) ads is for various kinds of insurance, and ends with the catchy/pithy tagline: Ask for Big Lou - He's on Meds, too! Now Big Lou may be on Meds, but they don't happen to mention that Big Lou has Cancer, too. I suspect that he doesn't (which is fortunate for him). Truth be told, it can be difficult to lock in life insurance after a cancer diagnosis, but it’s still possible. Keep in mind that you may pay higher premiums. Additionally, some insurers require you to be in remission for at least five years to get approved for a policy. This is because cancer is considered a pre-existing condition or a health issue you have before you secure a life insurance policy. Many insurers will consider your age, cancer type, and stage to determine whether to approve you for coverage.
I haven't joined the gig economy and taken up selling Life Insurance on the side. But I'm glad that I got some when I was younger, and now have that safety net. I plan to outlive my policy (the Term ends around the time I turn 80), so it may all be a moot point.
If you're young and starting a family, see if a modest policy can fit into your budget. If you're less young, perhaps you can take what you would normally spend per month on Life Insurance and stash it away in some kind of appropriate fund for your needs or desires. You can always hide cash in your mattress. Or you can Call Big Lou - and see if he can get you into a good policy.
