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Life insurance is available for cancer patients, though options and rates vary widely. The stage, type and history of cancer all impact life insurance eligibility and cost.
When applying for life insurance, pre-existing health conditions like breast cancer are a significant consideration for insurers. Underwriters examine these conditions to gauge any potential risks ...
Receiving a cancer diagnosis can be terrifying. It can also be a wake-up call when it comes to determining if your family is provided for. If you’ve never obtained health insurance before, you ...
Pre-existing condition exclusions were prohibited for HIPAA-eligible individuals (those with 18 months continuous coverage unbroken for no more than 63 days and coming from a group health insurance plan). Individual (non-group) health insurance plans could exclude maternity coverage for a pre-existing condition of pregnancy. [2]
In terms of the insurance industry, cancer insurance is a novel form of coverage, having emerged approximately 50 years ago. This coverage was created by insurers like the American Heritage Life Insurance Company and Aflac to meet demand coming from those suffering from the disease. Cancer insurance was not designed to replace conventional ...
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
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