Long Term Care Insurance Recommendations?

[murphy1244]

I have read all of the posts in this thread and I am now leaning towards buying a cancer policy.

My reasons are this;

1. 50% of men get cancer. That gives me a good chance of getting it.
2. I am 54 years old, and am due for my second colonoscopy this year. Had the first one done at 50 and they removed 'something' and said I should have another at 55 and not wait until I'm 60. I'd say that puts me at a higher risk of getting cancer.

Don't sweat it, my doc advises to get one every 5 years and removing polyps is common.

 

[k0ua]

I have read all of the posts in this thread and I am now leaning towards buying a cancer policy.

My reasons are this;

1. 50% of men get cancer. That gives me a good chance of getting it.
2. I am 54 years old, and am due for my second colonoscopy this year. Had the first one done at 50 and they removed 'something' and said I should have another at 55 and not wait until I'm 60. I'd say that puts me at a higher risk of getting cancer.

If you are seriously considering a cancer policy, be sure to get one at least 45 days before that colonsocopy is scheduled. I agree that polyp removal is not always an indicator of pre-cancer, but it could be. An independent insurance agent works for you and himself, not an insurance company, and he/she can look at different carriers, to find something that fits.

 

[KennyG]

I have read all of the posts in this thread and I am now leaning towards buying a cancer policy.

My reasons are this;

1. 50% of men get cancer. That gives me a good chance of getting it.
2. I am 54 years old, and am due for my second colonoscopy this year. Had the first one done at 50 and they removed 'something' and said I should have another at 55 and not wait until I'm 60. I'd say that puts me at a higher risk of getting cancer.

You should ask you doctor exactly what he removed. If the removed polyp is benign, they usually give you a 10 year interval. If they say 5 years, that may mean it was malignant. The good thing about this is that if you have the colonoscopies and get the growths removed, the chances you will die from colon cancer is relatively low. You may be at higher risk of getting cancer, but now you are getting it monitored and taken care of.

 

[KennyG]

I've been following the posts on cancer insurance and my take is that, if you are in a position that you are concerned about potential health costs, you should get the best overall benefits from a health policy, not a disease specific policy. It would be a bummer to spend money on cancer insurance and then go broke over a heart condition or kidney failure.

It's like mortgage life insurance that pays your mortgage off if you die. Experts strongly recommend against that and say you are better off with a term life policy in an amount that will cover the debt. That way the survivors have flexibility. Thinking another way, would you buy an auto insurance policy that only pays off if you get hit by a drunk driver?