subject: Do I Need A Cancer Insurance Policy At 50? [print this page] For most, a cancer diagnosis occurs after the age of 50, which makes a cancer insurance policy a popular choice for older adults. It has been clear for some time that cancer is a disease of aging. Although children and young adults get the disease, the majority of cancer patients are adults in their later years.
This does not automatically mean a person who is 50 years of age or older should buy a cancer policy today without research and purpose. The cost of a cancer insurance policy and the coverage varies by age of the consumer and the company selling the coverage.
Before purchasing a cancer policy, individuals need to decide if they are at a higher risk of developing the disease than their peers. Age is a determining factor in evaluating a level of risk. As people grow old, they tend to be less active and get less exercise. Additionally, their bad lifestyle habits throughout their life may catch up with them.
Habits such as smoking, excessive alcohol, as well as a sedentary lifestyle are all important in determining cancer risk. Older individuals who have, or are participating in these higher risk activities may benefit from a cancer insurance policy. These questionable life choices, as well as genetics and age, play an important role in the risk level associated with cancer.
Although by today"s standards 50 is considered relatively young, it is also an age when individuals are considering their future as a senior citizen and making their retirement plans. This includes preparing for future medical emergencies. A medical crisis can change these future plans in a big way. A supplemental cancer insurance policy gives families the resources to continue with their retirement arrangements. Not only this, such kind of an insurance policy enables you to lead a stress free lifestyle by offering a financial back-up plan.
If diagnosed with the disease, a cancer insurance policy will pay out a lump sum or divide it out over a number of months. This money can be used however it is needed by the policy holder. These benefits can be used for medical or non medical necessities. The check is issued directly to the policy holder to be used throughout the course of treatment.
As people age into their 50"s, it is a good time for them to consider an insurance policy that can provide resources if a cancer illness should occur. An individual should determine their level of risk for cancer. This is an important step in the process when considering a cancer policy.
by: cancerplans
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