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The chances of getting cancer are so low you’d think some smart insurance company would want to sell you a catastrophic cancer policy with a low monthly premium
by ryanmarsh 7y ago
The chances of getting cancer are so low you’d think some smart insurance company would want to sell you a catastrophic cancer policy with a low monthly premium. Then it wouldn’t have to mean financial ruin, the same way I have homeowners insurance (without which a fire would spell financial ruin for most).
Why isn’t this a thing? Can someone in the industry chime in?
- quickthrower2 7y agoHuh? I thought cancer was one of the big killers after heart disease. While you are relatively young maybe the probability is low. That’s also when you are working so private health insurance and income protection insurance would have you covered I imagine.
- ryanmarsh 7y agoOk went to cancer.gov and Approximately 39.3 percent of men and women will be diagnosed with cancer of any site at some point during their lifetime, based on 2014-2016 data. So, I can’t see why any insurance company could offer reasonable rates given those odds.