Cancer and Healthy

Cancer treatment is very expensive; most people use credit cards, life savings or refinance their home to cover the costs. The good news is being diagnosed with cancer can give you more money to help pay for treatments but can lead to financial opportunities for you and your family.

Being diagnosed with cancer is never a celebratory situation. The biggest reason is the realization your life time will probably end sooner than expected, we all know this. Yet most people do not know how to take advantage of a cancer diagnosis. Let me explain. John is a 65 year old guy who has been diagnosed with carcinoma lung cancer. Paying for the related expenses for his on going treatment is creating financial strain for John and his wife. To generate more income John visits his bank and asks for a higher interest rate on his savings. Naturally John has his options explained to him. Locking your money in for a longer term will result in a higher interest rate return.

Did you know some really smart people with a talent for number crunching and some sales skill convinced some financial institutions to pay people who have a diagnosis like John more money for their savings. This means, rather than John accepting the terms offered to him from his financial institution of 4.5% on his $100,000 which would amount to $4,500 a year or $375 per month. John could take his savings to another institution that understands John's medical diagnosis and would pay him approximately $15,000 a year or $1,250 per month for the same $100,000 of savings. This is a significant and obvious increase to his savings income and here in lies the opportunities for people with a cancer diagnosis to generate free money.

John should expect to use part of his increased savings income to protect his wife from ending up with no money when John finally succumbs to the cancer by doing what most people consider to be impossible. Protecting his wife financially through life insurance is far more expensive that what a healthy person would pay, there are institutions that specialize at insuring people with diagnosis like Johns. For example John could get $50,000 of coverage for approximately $350 per month to protect his wife's half of the savings.

In conclusion you have been introduced to how a person with cancer can boost their income from $375 per month to $1,250 per month. The opportunity is there are life insurance companies that will insure cancer, therefore protect part of the family savings for the surviving spouse and generate $550 of additional income to pay for