Is Cancer Insurance Worth Having? 
In sports there are `` odds '' ... What are the odds of hitting a hole in one ? An average golfer on a 200-yard par-3 : 150,000 to 1 . Odds of myself or David/Ted -LRB- above -RRB- ... one in TWO ... Ladies are lucky ... it 's only 1 on 3 ... So yes , `` cancer insurance '' is a great protection plan to own . Let 's compare Cancer insurance to protection plan that is growing in popularity , Critical Illness -LRB- CI -RRB- . Cancer insurance covers ?? ... . YES ... ding , ding , ding ... cancer . Most benefits are paid out on a scheduled basis . Meaning you get `` so much for each item eligible for a claim '' . Each treatment/service has a named value : Chemo - So much per treatment . Surgery - a specific amount . Hospital stay - A specific amount per day . Possibly more for ICU . & it goes on ... . Critical Illness pays a lump sum upon diagnosis . There is no need to continually update the carrier about treatments , surgeries , & hospital stays . Think of it as upfront money vs. trickling in over time . Since Critical Illness Insurance typically ahs a benefit for Cancer , heart attack/stroke , and other life changing illnesses -LRB- like blindness & paralysis -RRB- , the one policy can do a lot more for you over a lifetime . Which is better , Cancer or Critical Illness insurance ? As you will see in many of my posts ... UNDERWRITING is the key . Always buy the most coverage for your monthly premium dollars based on the underwriting . - gravy 