Are There Alternatives to Whole Life Insurance for Cancer Patients?
Yes, there are alternatives to whole life insurance for cancer patients. These include:
Term life insurance: Provides coverage for a specific period and may be more affordable but does not accumulate cash value. Guaranteed issue life insurance: Offers coverage without a medical exam but typically has lower coverage amounts and higher premiums. Critical illness insurance: Provides a lump sum payment upon diagnosis of a covered illness, which can help with treatment costs.