It does not matter if it is AFLAC or any other company, in my opinion Cancer insurance is a good buy. Even if a person has health insurance, the cost of Cancer can devastate a persons financial well being. With deductibles, copay's, travel, loss of income, and cost of alternative treatments, Cancer Insurance can make a difference between getting better care or going bankrupt.
In sports there are "odds"... What are the odds of hitting a hole in one? An average golfer on a 200-yard par-3: 150,000 to 1. Odds of myself or David/Ted (above)... one in TWO... Ladies are lucky... it's only 1 on 3... So yes, "cancer insurance" is a great protection plan to own.
Let's compare Cancer insurance to protection plan that is growing in popularity, Critical Illness (CI).
Cancer insurance covers??.... YES... ding, ding, ding... cancer. Most benefits are paid out on a scheduled basis. Meaning you get "so much for each item eligible for a claim". Each treatment/service has a named value:
Chemo - So much per treatment.
Surgery - a specific amount.
Hospital stay - A specific amount per day. Possibly more for ICU.
& it goes on....
Critical Illness pays a lump sum upon diagnosis. There is no need to continually update the carrier about treatments, surgeries, & hospital stays. Think of it as upfront money vs. trickling in over time. Since Critical Illness Insurance typically ahs a benefit for Cancer, heart attack/stroke, and other life changing illnesses (like blindness & paralysis), the one policy can do a lot more for you over a lifetime.
Which is better, Cancer or Critical Illness insurance? As you will see in many of my posts... UNDERWRITING is the key. Always buy the most coverage for your monthly premium dollars based on the underwriting.
-gravy
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Let's compare Cancer insurance to protection plan that is growing in popularity, Critical Illness (CI).
Cancer insurance covers??.... YES... ding, ding, ding... cancer. Most benefits are paid out on a scheduled basis. Meaning you get "so much for each item eligible for a claim". Each treatment/service has a named value:
Chemo - So much per treatment.
Surgery - a specific amount.
Hospital stay - A specific amount per day. Possibly more for ICU.
& it goes on....
Critical Illness pays a lump sum upon diagnosis. There is no need to continually update the carrier about treatments, surgeries, & hospital stays. Think of it as upfront money vs. trickling in over time. Since Critical Illness Insurance typically ahs a benefit for Cancer, heart attack/stroke, and other life changing illnesses (like blindness & paralysis), the one policy can do a lot more for you over a lifetime.
Which is better, Cancer or Critical Illness insurance? As you will see in many of my posts... UNDERWRITING is the key. Always buy the most coverage for your monthly premium dollars based on the underwriting.
-gravy