Insurance World

If you have been a person who has previously had cancer and wants to go on an overseas holiday, you may find that you have your work cut out for you when it comes to finding an affordable travel insurance policy.

In fact, there are some insurance firms which will not offer any insurance at all to those who have had or do have cancer. Of the companies that do offer insurance, they sometimes charge you more than the cost of your flights. For instance, one company, Free Spirit, charges a 48-year-old woman who had breast cancer five years ago Ј248.70 for a 17-day worldwide policy. Compare this to someone without any health concerns where the insurance costs are as little as Ј20.

This example has been backed up by a recent survey conducted by the charity ‘Cancerbackup’ which reveals that nine in ten people struggle to get travel insurance if they have had cancer. Even if people are fit to travel, seven in ten are offered policies with sky high premiums or else refused insurance all together, the survey suggests.
And so as a result of insurance problems, one in 20 people linked to cancer choose to travel without insurance. One in ten, as a result, cancel their trip.

But there is now, perhaps, some hope. As a result of the survey conducted by ‘Cancerbackup’, the Association of British Insurers (ABI) is investigating whether companies are in fact discriminating against cancer sufferers. The association says it also wants to make sure the ‘Cancerbackup’ survey results have not put people off taking out travel insurance all together before going on holiday. A spokesperson for the charity Macmillan Cancer Support calls for this sort of probing saying: “The insurance industry needs to recognize that not all cancers are the same and treat people accordingly.”

Cancer as a disease itself is so grueling for people it is only natural many of them want to give themselves a relaxing overseas holiday when their treatment is finished. And rightly so says, one of the firms that does offer cancer suffers insurance – Medi Travelcover.
A spokesperson for the company says the extra costs for the insurance are worth it because when someone is feeling low, a holiday can be just what they need. The company says it has sympathy with people who are refused travel insurance outright.
“Being refused insurance can have a terrible impact on their morale”, the spokesperson says.

When it comes to life insurance or private medical insurance it is quite understandable how someone might be refused the opportunity to take out cover. But then it seems crazy that someone who has had cancer a long time ago cannot get any reasonably priced medical insurance for a straight forward holiday. The situation is likely to become more of an issue too, with one million people having been diagnosed with cancer sometime in their life. So it is no wonder the Association of British Insurers is now doing some probing about the situation – some might argue that the probing has not happened soon enough.

Websites which offer more information include the Cancerbackup website (www.cancerbackup.org.uk) and Cancer Research website (www.cancerresearchuk.org/).

Human beings are mortal. Though every single life has to terminate one day yet it is the very nature of rational agents to plan for the expected as well as the unexpected happenings in their future. The most prudent plan to secure your and the lives of your loved ones is to get your life insured. By doing this an individual enters into a contract with the company (from where hw takes the life insurance policy) according to which the latter will recompense for his death by paying a predetermined some of money to his family till the insured premiums are current.

Life insurance policy acts as an individual’s best friend in the hours of grave need. This is because if unfortunately something happens to the primary wage earner, his family is assisted with life insurance amount to make up for the loss and move ahead in life. so in today’s life it is immensely essential for an individual to take a life insurance policy a soon as possible. Quite often many government officials and employees in a company are offered group life insurance which is totally free of cost. With the help of their company employees can also take an additional life insurance at reduced rates.

There are different companies that offer a life insurance policy. Though the terms and conditions do not vary largely yet it is at the discretion of the individual which policy to adopt and from where. By and large people prefer to take those policies that facilitates with maximum compensation and demands less premium. In case a person takes a Term life insurance policy, he will initially be paying less premium which gradually increases in the later years of his life. if one adopts either a whole life insurance or a variable life insurance the premium is settled once and for all at the time of taking the policy. The premium amount does not depend on factors such as the age of the individual etc.

However the amount of premium even varies with the age and the kind of life of the policy taker. For instance the policy will be quite expensive for a 50-year-old man than that for a 25-year-old guy. In the same way a chain smoker or an alcoholic will have to pay more premium than a non-smoker healthy individual of the same age. Also a person who earns by way of a precarious job (a stuntman in films) will be charged with a high premium than a teacher or a doctor.

Thus one of the best ways to lower your life insurance premiums is to take a life insurance policy early in life and to try and quit such harmful habits. On the same hand prior to taking a policy you ought to make sure that you do a complete survey of the market i.e. you should be clear about almost all the life insurance policy offers that are available and specially what you desire of your policy. This will help you in selecting the best-suited policy for yourself.

A smart way to know the life insurance quotes for oneself is via Internet. What previously was to be done with the assistance of agents by paying them, can now be done absolutely free. Taking online life insurance quotes not just saves your money but also time and energy.