Cancer Insurance Policies
I’ve been asked many of times if I sold cancer insurance policies. The answer I always give is, I can and will if you really want it. But then they get to hear me ask questions like, why? Why would you want a policy that only covered a single act and has a lot of exclusions? Why would you want a policy that you probably already have coverage for under your health policy?
It is my belief that some of these limited policies like cancer insurance policies help make people insurance poor.
One of the common answers I get about these policies is that it is so cheap. Well, there is a reason that it is cheap. It is cheap because the company doesn’t have to pay out a claim that often.
I would rather people take the money that they are spending on a cancer policy and get a good long term disability policy. A good disability policy will cover everything that disables you, which there is more of a chance of disability than there is in getting cancer.
