Terry

Houston, TX.

Terry,

Whole life insurance is a type of life insurance. One of the benefits and options of whole life insurance is the cash value.

Cash value isn’t the same as face value. Face value is the amount of money beneficiary will receive in the event of your death. Cash value is the amount of money that you can access while you’re still alive.

Why would you want to access money from your whole life insurance policy while you’re still alive? And what does this have to do with your whole life insurance rate?

There are several reasons for wanting to access money from your whole life insurance policy while you’re still alive. You may want to take a loan against it to pay for an emergency, or, you may just want to cash it in before you die to enjoy the savings.
Plus, if there’s enough money accumulated in your whole life insurance policy cash value, you can use it to pay toward your whole life insurance rate; this is especially helpful should you find yourself or your family experiencing financial burden.

Great Question.

Henry

Houston, TX.

Well Henry,

Cancer Insurance is available it may be a bit challenging but not impossible. Getting a policy depends on the type of cancer you have, the stage, the grade, and even the treatment.

A good policy will pay for hospital stays, medicine, surgery, doctors’ visits, radiation treatment and chemotherapy.

Cancer, along with its treatments, can lead to other physical problems, such as infections, diabetes and pneumonia. Most cancer policies do not cover treatment for these illnesses.

Often, cancer treatments require travel to a hospital hundreds of miles away. Not all cancer policies will cover travel expenses, but some will cover not only the travel of the patient but also of companions.

While most cancer insurance policies will pay even if you’re already getting health coverage under another policy, the reverse may not be true. Some major medical policies won’t pay out if you hold other coverage, such as cancer insurance.
Know how long you have to wait after a diagnosis before coverage kicks in. It could be 30 days or longer. Also find out if there is a maximum time period for coverage.

Hope this website answered your question. Thank you.