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I was just in the car and heard Clark Howard abruptly advise somebody not to buy a one-dimensional product like cancer insurance.
He asked her one question: do you have money saved? One question. No followup about how much or how much unreimbursed expenses might be encountered with a cancer diagnosis. Just a flat.... DON'T DO IT.
Here's the kicker: the 63 YO lady has a history of cancer in her family and lost two siblings at age 55 and 62. Still NO... because she self-proclaims off the top of her head to be financially prepared to survive a diagnosis and treatment regimen-- whatever may come!
He asked her one question: do you have money saved? One question. No followup about how much or how much unreimbursed expenses might be encountered with a cancer diagnosis. Just a flat.... DON'T DO IT.
Here's the kicker: the 63 YO lady has a history of cancer in her family and lost two siblings at age 55 and 62. Still NO... because she self-proclaims off the top of her head to be financially prepared to survive a diagnosis and treatment regimen-- whatever may come!
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