Life Insurance for Cancer Patients – Affordable Policy
Why Life Insurance for Cancer Patients?
Once when cancer was first detected with direct comprehension in the nineteenth century when the disease was thought to be one of the most catastrophic disasters in the history of human life. And also have the serious concern at that time that no treatment is possible for this treacherous disease. The outbreak of this disease made the human life unsafe in the world. In 1913 in New York the Americans founded American Society for the Control of Cancer currently named as the American Cancer Society (ACC) (in 1945). Soon after when the disease was categorized into stage-1 to stage-4, people started to believe that it is not impossible to conquer cancer even. For the same reason, the insurance companies started projecting life insurance for cancer patients.
A recent survey of ACC shows almost 400 people are being saved every day from this precarious disease of cancer. About 67% of cancer infected people will live on. These are the key confidence for a cancer patient never to give up his or her life. And of course, coverage of life insurance for cancer patient will make the person more confident to live in mental peace and happiness.
Options of Life Insurance for Cancer Patient:
The very first and foremost thing for a cancer patient or a cancer survivor is the self-assessment of the patient. If he or she is in remission, insurance companies will offer you a choice of options or your affordable life insurance policy for coverage of life insurance for cancer patients. You have to make sure that you are improving day by day. The insurance companies will ask to know that you are now a pretty good risk. For evidence, they will want your doctor’s current report and a medical test also. Your medical or pathological report will be the most imperative point for the decision to choose which life insurance policy is significantly effective or affordable for you; may it will be the term life insurance or whole (permanent) life insurance. In case your recovery or remission is comparatively better or satisfactory, you may think of term life insurance policy which could be better in the case of life insurance for cancer patients.
Term Life Insurance:
A term life insurance policy is a policy agreement between the insurer and the policyholder for a certain or specific period of time. The policy can be renewed even after successful completion of the term agreement. If you die before the specific (e.g. 2 years) time as per the agreement, no death benefit will be provided to your spouse or family members by the companies. But the premiums and other profit must be paid to your deceased family members. In the case of life insurance for cancer patients, this could be a very good package.
Whole Life Insurance:
On the other hand whole or permanent life insurance is a policy agreement until the policyholder reaches at 100 years (i.e. death) of age. As per the company agreement, the policyholder will have to pay premiums until death. In whole life coverage the policy purchaser certainly, deserves the opportunity to pull out the policy or can have a loan against the insurance policy.
Have a detail medical test to be sure you are in remission, talk to doctors openly about the real status of your disease, accumulate your financial sources and finally have a detail conversation with expert life insurance professional or agent for any of your decision. Then you will be confident enough to purchase the best policy.