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Mass Mutual Life Insurance Gives Breast Cancer Survivors a Break
17-12-2011
Tagged Under : Breast Cancer, Breast Cancer Survivors, Cancer Survivors, Survivors
Heres a feel-good story coming from the life insurance world. Recently Mass Mutual Life Insurance changed their policy on insurance premiums for breast cancer survivors. Now, survivors can find affordable life insurance that they can qualify for more easily.
Breast cancer is a disease that affects men and women alike all over the globe. Fortunately, it can be cured if caught early enough and managed with the correct treatments. Even after being cured, however, survivors face the daunting problem of being unable to secure affordable life insurance, or being unable to obtain it at all. But breast cancer survivors need to keep their families safe from income loss too. Finally, a company is doing something to help these individuals by changing the way they rate the policies of breast cancer survivors.
Easier Eligibility
First of all, it will now be easier for people to become eligible for Mass Mutual policies. It used to be very difficult with a medical history of cancer. Now, just having had breast cancer in the past will not keep people from getting life coverage. They will be able to sign up for the same plans that those with no history of breast cancer.
Lower Premiums
As an added bonus, those who have survived breast cancer and had to settle for higher premiums because of it may be able to get lower premiums. Rather than eating up entire budgets, life insurance benefits will become more manageable. Survivors will not have to give up other needs just to afford the life insurance that they need.
Not Just a Charitable Change
Mass Mutual can give out these lower premiums thanks to new scientific methods for curing cancer. The old statistics about cancer and its relation to early death do not apply in the same way that they would have ten years ago. Mass Mutual has recently reviewed all of the data and reassessed the risk. The company found that there are many different risk levels with different cancers.
Medical advances in the treatment of cancer are saving lives. Because those with breast cancer in their past now present a lower risk of early death, they are eligible for lower rates. Even though lowering their rates is not really a charitable action, it results in the same benefit: affordable life insurance for breast cancer survivors. Mass Mutual should be commended for the thousands it contributes to breast cancer awareness every year and for paying attention to data that rewards consumers with lower life insurance rates.
A Growing Trend
This change by Mass Mutual will help many people in the future. It will give them the insurance they need regardless of the cancer in their medical histories. Hopefully, this will turn into a growing trend with other insurance companies looking to compete for that business. It will make life insurance easier to get in the future, no matter which company breast cancer survivors buy it from.
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