Cancer is the wild, disorganized,
unrestrained multiplication of rogue cells leading to abnormal growth in a
tissue or organ of he body. Rogue cells
sometimes spread to other parts of the body via the circulatory or lymphatic
system. Most adult cancers are
associated with the aging process. Early
detection and modern methods of treatment can help cure many types of cancer
nowadays from lung cancer, bone cancer, mouth cancer, colon cancer and many
more. Because of early detection and
modern treatment methods, cancer can now be prevented into going into the
chronic or terminal stage. If a person
has cancer and he is planning to buy whole life insurance, he should try to
observe early detection. If not, then, he needs a no medical exam life
insurance which is not the traditional whole life insurance but term life
insurance.
When talking about whole life
insurance and a person with pre-existing medical condition such as cancer will
buy for one, he needs to understand that it will not be easy and convenient for
him to convince the life insurance providers to approve his application. Before they can do anything else, he will be
required to undergo a series of medical examinations. When they get the results from these
examinations such as ECG, EKG, blood tests, urinalysis, X-ray, to name a few,
and they found out that he has cancer, they will determine the stage of the
illness. If it’s already in its chronic stage, they will never ever approve his
life insurance application. If it’s still in its earliest stages and it can be
controlled or healed, prevented or managed effectively, they might consider his
life insurance application. But since he already has this illness, the premium
cost of whole life insurance will surely expensive.
That’s why, if a person wants an
affordable kind of life insurance, he should go for the no medical exam life
insurance which is the term life insurance.
Term life insurance is far
different from traditional whole life insurance. First and foremost, a person
can only be insured for a specific term from as low as five years to as high as
twenty or even a thirty-year term life insurance policy. That is the reason why
it can be very affordable. Furthermore,
the approval of term life insurance is very fast because there is no medical
examination of any sort that is involved.
If the term of such life
insurance is expired, the person can renew his term because he has total
control over it. He doesn’t need to
worry if he is still young or he is already in his over-the-hill age. He
doesn’t have to worry if he is healthy or if he has some pre-existing medical
conditions. With this no medical exam
life insurance, for sure, he will be guaranteed of an acceptance or approval
from the life insurance provider.
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