| Cancer Health Insurance has become a big selling | | | | coverage that overlaps? A one word answer: FEAR. |
| product in medical health coverage. Does cancer | | | | Are there any people that do not have relatives, |
| insurance provided needed medical coverage or does | | | | friends, or acquaintances who have experienced |
| it duplicate health insurance? Read this cancer health | | | | some form of cancer? Plus the cost is right, often |
| insurance article for information advice. | | | | $25 monthly or so for a truckload of this and that |
| Cancer insurance has deep roots going long back in | | | | benefit payments. In reality the cancer health |
| the medical health coverage industry. Once there | | | | insurance policy provides the buyer with more |
| were were 3 or 4 major carriers using it as their | | | | emotional security than it does financial security. |
| leading product. Now around 14 insurance companies | | | | EXAMINE THE FINANCIAL SECURITY |
| promote it heavy, and another 50 write a fair | | | | Would you buy a car for twice its value? Definitely |
| amount of cancer health insurance. The controversy | | | | not. What if you never get cancer? This is unlike life |
| lies in who benefits the most, the insurance company | | | | insurance where at some point you are going to die |
| or the insurance buyer? | | | | and have the benefit paid. Plus you could pay $25 for |
| TIMES HAVE CHANGED | | | | 15 years, $4,500, and develop skin cancer. You file a |
| In the good old days a group of agents were | | | | claim and receive $1,000. If in turn you had put just |
| recruited under a district manager's supervision. The | | | | $25 monthly into an annuity you would have amassed |
| entire group would invade a small town. They would | | | | $5,000 or probably $10,000. This surely would have |
| start with the local banks and work their way down | | | | helped more in giving financial security against any |
| to the other businesses. It was high pressure selling | | | | medical health coverage needs. |
| group insurance where employees had premiums | | | | ADDITIONAL INSURANCE COMPANY BENEFITS |
| deducted from their pay. For a few bucks a week, | | | | Above were covered some of the ways the |
| employees could be covered against the big "C". Yes | | | | insurance company benefits from sales, now look at |
| agents actually took their thumb and index finger and | | | | it by claims. Every year there are health and disability |
| formed the big "C" for cancer. | | | | companies filing bankruptcy for paying out more in |
| When an agent left, there was always another to | | | | benefits that they have money in reserve. Do you |
| take the place. The cancer health insurance company | | | | realize (its public record to verify) that some cancer |
| then really made out. Since this was true cold calling | | | | and dread disease companies are only paying 60% |
| there we no lead acquisition costs. Plus on an agent | | | | out on claims? Seems like easy math to see who |
| that left, the insurance company no longer had to | | | | comes out the winner. |
| pay the agent and just sit back and collect the | | | | If baldness insurance was available it would seem a |
| money coming in. The district manager was rewarded | | | | better bet of collecting back what you paid in. By the |
| fat overrides on the business his group of agents | | | | way, since heart attacks and strokes are more |
| wrote. | | | | prevalent, why do waste more money of these |
| Why do so many people buy medical health | | | | plans? |