Modern medicine is moving rapidly in promoting early diagnosis and improved treatment methods. Insurance Companies now are able to offer insurance to many considered uninsurable only a few years ago. There are more than one hundred identifiable forms of cancer. Cancers by Classification There are three main classifications of cancer. Carcinoma is cancer of the epithelial tissue that forms the skin and lining of the internal organs and other glandular tissues.
Sarcoma is cancer of connective tissue, such as cartilage, muscle, or bone.
Finally, when fluid cancer exists it is called leukemia or lymphoma, which affects the blood and lymph systems. To understand life insurance pricing, we need to define the levels of insurance pricing, the cost of insurance. Premiums categories classified from lowest to highest are Preferred Best, Preferred, Standard, and Standard with surcharge. Individuals with skin cancers will typically find offers of Standard or Standard with surcharge in the near term. As Carcinoma in situ usually indicates a very early stage of cancer and is usually curable, individuals may be offered Preferred premiums after a waiting period such as five years.