by Guest » Mon Mar 03, 2008 01:59 pm
hello my family doesn't have a history of cancer so I only got the very min of cancer insurance, is that a good idea? you could get cancer from other things right? however I don't smoke, drink etc. so what do you guys recommend?thanks a lot
Posted: Mon Mar 03, 2008 01:39 pm Post Subject:
Hi okaythen,
hello my family doesn't have a history of cancer so I only got the very min of cancer insurance, is that a good idea? you could get cancer from other things right? however I don't smoke, drink etc. so what do you guys recommend?
I really don't quite understand what you mean by "very min of cancer insurance".
There are many variations of Cancer Expense Insurance on the market today.
Some pay limited benefits for chemotherapy, radiation therapy and other cancer related medical treatments. The "limits" for these expenses vary from policy to policy and from company to company.
One event that often occurs when a person is diagnosed with cancer is the loss of income. Oftentimes, it is very difficult to deal with and as a result the person misses work and income suffers.
Some Cancer Expense Policies have an "Initial Diagnosis" benefit that pays a lump sum amount when proof of initial cancer diagnosis is presented to the company.
If you feel that a Cancer Expense Policy is an important part of your insurance program, I would suggest one with as many benefits as you could get.
Maze
Posted: Tue Mar 04, 2008 05:28 am Post Subject:
All I can say that you may or may not get diagnosed with cancer in the future as it'll depend upon your lifestyle, food habit etc. and not solely upon the family heredity. But that's only a possibility and at the same time you may not wish to spend money on something you don't need. Generally people with no history of cancer in their family are less prone to cancer in their lifetime, if they maintain a proper life-style. You may wish to review your needs before deciding on the coverage.
Regards,
Juanita
Posted: Tue Mar 04, 2008 05:41 am Post Subject:
Hey there are programs run by the local governments which cover people diagnosed with cancer. You can check those out too.
Posted: Tue Mar 04, 2008 06:05 am Post Subject:
Hi Okaythen, purchasing a policy only for the sake of it may not help at the time of need. You need to analyze your need before even increasing your limits. Evaluate the following factors:
Your age and health condition: if you are in sound health with no-history of cancer in your family then maintaining the min. coverage may suffice.
Your nature of job: some jobs may attract health problems. People working in the cement and asbestos industry may develop chronic health problems.
Thanks,
Posted: Wed Mar 05, 2008 03:52 am Post Subject:
Do some research about the costs of certain medications people with cancer use on a monthly basis. Once you're able to stand back up, read your current policy from straight to back and make notes about anything you do not understand. Call your agent if you have one. If you don't have an agent, get one as it won't (shouldn't) cost you any more money. Personally, I like AIG or Assurity.
Posted: Fri Mar 07, 2008 12:12 am Post Subject:
And if you are one of those who buys insurance online, well, you're just up a creek! :shock:
Posted: Fri Mar 07, 2008 06:18 am Post Subject:
And if you are one of those who buys insurance online, well, you're just up a creek!
I have to respectfully disagree with you about purchasing insurance online. 100% of my business is conducted over the phone, via e-mail and fax. Granted, I don't operate my business like a call center.
There is nothing wrong with buying insurance online as long as the consumer takes the time and energy to look at all the options. The problem, or issue depending upon how you look at it, is people do not know the questions to ask or their not told what is or is not important to know.
I'd say it would take the average consumer 3-4 weeks to do it themselves or 30 minutes with an agent who knows the local market and is dealing with an open and honest consumer.
Posted: Tue Aug 11, 2009 08:35 pm Post Subject: Cancer Insurance
Cancer doesn't run in my family but I've always known the importance of owning insurance... I originally bought life insurance when I was 21 but after I worked for an insurance industry I realized I didn't have enough. 3 years ago I bought a cancer policy, accident policy and another life insurance policy. Cancer doesn't run in my family but I recently went for my first breast mammogram at age 35 and was told I may have a rare form of breast cancer. I was on birth control pills for about 8 years so that could have contributed to the abnormal mammogram. I will be going for a biopsy tomorrow and am hoping for the best but very thankful that I have many insurances I bought of over the years. I even have insurance on my credit cards so if I'm ever disabled at least that debt will weigh me down.
Posted: Wed Aug 12, 2009 12:02 pm Post Subject:
I even have insurance on my credit cards so if I'm ever disabled at least that debt will weigh me down.
I've heard of credit protection or payment protection plans. Did you opt for such plans?
Posted: Fri Aug 14, 2009 01:17 pm Post Subject: Cancer Insurance
Yes. All credit card companies have the option for payment protection and it's definitely worth getting considering how many things could go wrong at any given time.
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