Should I get cancer insurance

get cancer insuranceShould you apply for cancer insurance?  If you are never going to hear the words “you have cancer” the answer is NO.

But, this year 1.8 million Americans will hear the dreaded words “you have cancer.”

Many will be young; in their 40s, 50s and 60s. They will get treated.  And, thankfully, the vast majority will survive.

But many will be financially devastated.  And, that’s why it’s worth asking.  Your answer may indeed be “YES”.

Cancer insurance, low cost for a real benefit

Cancer is a scary topic.  You should be proud of yourself just for reading this information.

And insurance often has a lousy reputation.  It can be confusing.  And, many times, people are scared into buying it.  When they really don’t need it.

But cancer insurance IS one of those coverages you should think about.   You probably don’t need that much.  And, it can be far more affordable than you think.  Low cost for a real benefit.

Who should consider cancer insurance?

  • Men in their 40s and 50s.
  • Women in their mid-30s, 40s and 50s.
  • Working spouses.
  • Tobacco users.
  • Home owners with mortgages.

How much does insurance cost?

cancer insurance cost comparisons
Use the Cost Calculator to see cancer insurance rates instantly

Use the Cost Calculator on this page to see what insurance will cost.

Simply click on Male or Female and you will instantly see an approximate rate for $10,000 of cancer insurance.

$15,000 of cancer insurance benefit will cost 1.5 times the amount shown.  And $25,000 will cost 2.5 times the amount.

Why have we indicated specific ages?

The American Cancer Society predicts 1.8 million American men and women will be diagnosed with cancer this year. 

Women tend to be diagnosed at younger ages because of breast cancer. 

Men tend to be diagnosed at slightly older ages, because of different cancers.

There is no perfect age to apply.  The best time to apply is when you can afford it and when you can health qualify.

Why should couples think about cancer insurance?

When one spouse or partner is diagnosed with cancer, both are impacted.

Both are going to take time off from work.  Together they will be going to medical appointments.

So often two incomes are reduced to one, or less than that.  And that’s why having some cancer insurance can be incredibly valuable for couples.  It doesn’t matter whether there is one income or two.  A small amount of coverage on each can be extremely beneficial.

I do have a mortgage, why does that matter?

When you are diagnosed with cancer, you will take time off from work for medical care.  If you are married, your spouse may also take time off.

But your mortgage payments are still due.  So is your phone bill, your car payment and even your health insurance premium.

Mortgage payments are usually the big bill.  And no one wants to risk losing their house.

That’s why the Association recommends you buy coverage equal to between 6- and 18-months of your mortgage cost.

This allows you to focus on your recovery.  Worry about getting the best care you need; not how you will pay bills.

Tobacco users have the greatest risk

If you smoke or use tobacco products, you know your risk of cancer is going to be higher.  We are not going to preach.  But we are going to suggest that this insurance is definitely something to consider.

If you live in a flood zone, you want flood insurance.  When you live in California, the State urges you to buy earthquake insurance.  So, for those using tobacco products; consider at least a small amount of cancer insurance.

Additional Resources

You can find instant quotes for both cancer insurance and comprehensive critical illness insurance directly from an insurance company.  Click the QUOTE box on the Advertisement found on this webpage.

Find the average cost for critical illness insurance on the Association’s website.

View the latest statistics for critical illness insurance and cancer insurance by clicking the link.

Instant Insurance Cost Calculator

Tell us 3 things about you and see an instant quote for $10,000 of cancer-only insurance coverage. Why?
What is your gender?
What is your current age?
Are you a tobacco user?

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