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Life insurance
Life insurance that you buy as an individual is likely to be terribly expensive, if at all available, once you have had cancer. As mentioned earlier in the section called "Restrictive medical underwriting," if you have an opportunity to buy a good life insurance policy at a reasonable rate without a qualifying medical examination or other penalty for having a cancer diagnosis, consider the opportunity carefully

Some employers offer life insurance policies requiring no medical exam with face values in multiples of ones annual salary Although this usually is term coverage instead of whole life coverage, it may meet your family's needs very well. Some such policies can be kept even if you leave the company

Whole-life policies often can be borrowed against, or sold in a viatical arrangement to a company that will buy your policy from you at less than its face value to provide you with money now. This option is useful if your heirs don't need your money, but you do, to pay current bills. Generally, viatical settlements require proof of terminal illness.
Check your existing life insurance policies for a clause that states you needn't pay premiums if you're receiving disability benefits.


Long term care insurance
Now, more than ever, you should consider a long-term care policy as a safeguard against financially Crippling nursing-home or nursing-care costs. As with life insurance policies discussed above, however, you're not likely to be able to find or afford a long-term care policy once having had a cancer diagnosis, unless one is offered at group rates with no medical examination required.

One very good option is to ask your children and their spouses if their employers offer such a policy for parents or in-laws as well as employees. This recent trend in employment benefits offerings is an attempt to recognize the increasing responsibilities that families face in caring for their older relatives while trying to work outside the home.
Many long-term care policies are eventually dropped by the client because they are so expensive, and the probability of needing long-term care seems so far away If expense is an issue for you, you might choose a policy that has a clause that allows you to stop paying premiums after a number of years in return for lower benefits or payments over a shorter time. This compromise, while not ideal, will afford you at least some protection against potentially devastating long-term care costs.

Long term disability insurance
Long term disability insurance is a must for lung cancer survivors who would be producing income and supporting a household if they were entirely healthy If you don't have a long-term disability insurance policy, it's wise to consider buying one.
Employers often offer long-term disability insurance at reduced rates or for free. If you can elect or purchase such a policy, do so. Although the Social Security Administration can pay you long-term disability under some conditions, often it's temporary, and frequently policies available in the private sector pay a better monthly benefit.
Note that most long-term disability policies encourage you to apply for ssm, and then pay you only the difference between SSA:s monthly benefit and the higher benefit your policy authorizes.
Some long-term disability policies can be taken with you if you leave your employer. Choose only a policy marked "guaranteed renewable" so that your policy cannot be canceled if your health gets worse.

Tobacco industry settlements
Momentum is building to force the tobacco industry to bear the health costs of nicotine addiction. Over 40 states have sued tobacco manufacturers for compensation of health-related expenses.

Larry Coffman, five-year survivor of SCLC, says:
I have always declared that I would not involve myself with the fight against the tobacco industry unless they were proven to have manipulated the nicotine levels. Bingo! The profor is in the pudding, so to speak.
I have since become an advocate Jar the reinstatement for the tobacco illness and disease benefits Jar our veterans, based on the tobacco industry documents.
Contact your states attorney general or your state health commissioner to determine whether your health costs can be offset by a share of an amount awarded by the courts.
The National Association of Attorneys General (NAAG) works to establish policy and maintains current information regarding tobacco settlements. Contact information about the NAAG can be

Life insurance is necessary these days. As you can't say about any person life. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium.

life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.