- How life insurance benefits men with prostate cancer
- March 25, 2014
Prostate cancer is the second most deadly form of cancer for men around the world with skin cancer being number one. Fortunately, if caught early, the disease can be successfully treated.
According to the American Cancer Society, more than two million men in the U.S. count themselves as prostate cancer survivors.
In 2014, the National Cancer Institute predicts that there will be 233,000 new cases of prostate cancer diagnosed in the U.S., along with 32,050 deaths from this disease.
Based on most recent data from the NCI, approximately 15.3 percent of men will be diagnosed with prostate cancer at some point during their lifetime. However, the survival rate for a man surviving five or more years after being diagnosed with prostate cancer is currently 99.2 percent.
It is important to note that no two patients are alike, and treatment and success rate can vary on a case-by-case situation.
Even though the survival rate for prostate cancer is relatively high compared to other cancers, individuals who have battled the cancer will most likely have higher health and life insurance premiums in the coming years.
People can reduce the financial impact of a future cancer diagnosis on their family by investing in the right life insurance policy during the appropriate stage in their life.
Keep in mind that life insurance rates are currently at an industry all-time low, which makes getting a policy even more affordable.
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