Insurance and Cancer Survival Essay Example | Topics and Well Written Essays - 250 words

Insurance and Cancer Survival - Essay Example When they issue the first policy, the first premiums are usually high since that is the period that the insurance company has the greatest risk. Most cancers have lower risks of coming back when more time goes. The cancer patient often has to talk over the case with their insurance company, which can explain how it will personally affect the cancer patient. When the cancer patient already had a life insurance policy before they were diagnosed with cancer, the insurance company ought to tribute it as normal if the patient were honest about the medical history when they took the policy. The cancer patient might find it quite challenging to increase the value of his policy for some time (Fesen, 2009).  It will be easier for the patient to do this than begin a new insurance policy after the cancer diagnosis. If the cancer patient may wish to increase his cover, he could ask his adviser o how to use the option of â€Å"special event†. Some insurers provide this, but not all of it. This means that the cancer patient can increase the cover without underwriting, considering some events that takes place in his life, for example, moving house, marriage or birth of a