How often have I said it’s all about mortality? That is the bottom line for life insurance underwriters. The better the survivability of any health issue, the better the underwriting and subsequent life insurance rates.
A recent Washington Post article provided details of overall cancer mortality improvements such as this comment, “U.S. cancer mortality rates have declined every year since 1991, an unmatched achievement in the developed world. Five year survival rates for breast cancer, if detected early, are over 95%. In January 2007, the American Cancer Society reported that total cancer deaths in the U.S. declined for the second straight year, despite an aging population that is at higher risk for cancer.”
The article makes a good point concerning Michael Moore’s documentary “Sicko” that slams American health care. While health care in the U.S. may not be all that it could be, mainly more affordable, the truth is that the cancer survivability in the U.S. is higher than any of the other countries that Mr Moore suggests as good examples.
Bottom line. Cancer, and especially breast and prostate cancer, are becoming more manageable and more insurable all the time. Just a footnote. Life insurance in those other countries comes at a much higher cost than it does here at home.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.