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And while the survival rate is increasing, the cost to treat cancer is also increasing, up 27% since 2011 according to Health Leaders Media. In this short video we will cover some of the common costs of cancer as well as some misconceptions that people have regarding these costs and how their current insurance plan will provide coverage.
Some additional facts on cancer to consider. The median age of a cancer diagnosis is 66. Half of cancer cases occur in people younger than 66. One-quarter of new cancer cases are diagnosed in people aged 65 to 74. Cancer can occur at any age. For example, bone cancer is most frequently diagnosed among people under age 20. More than one-fourth of cases occur in this age group. The median age at diagnosis is 61 years for breast cancer, 68 years for colorectal cancer, 70 years for lung cancer, and 66 years for prostate cancer. Cancer is the #1 reason for claims made by individuals with critical illness insurance. It accounts for between 50 and 64 percent of claims. This valuable protection pays a lump-sum cash payment. The monies are paid directly to the policyholder. They can be used to cover any costs you face. You may also choose to get a cancer-only insurance policy. That can save you money on valuable protection. ![]() |