Cancer Insurance Helps Cancer Suck a Bit Less by Paying for Covered Costs
Cancer sucks, but the threat, sadly, is too real. Cancer insurance, a type of supplemental insurance coverage, can help pay for additional, eligible costs associated with treatments; and it is guaranteed renewable so long as timely premium payments are maintained. Indeed, the total financial impact of cancer includes both direct and indirect costs: The physical and emotional burdens of being diagnosed with cancer and then fighting it are compounded, even more sadly, by many cancer patients and survivors having to use all or most of their existing savings due to the high financial costs of dealing with the terriible disease*. Even more sadly, the problems are significantly more worse for people without medical insurance.
In the USA alone, approximately 41 in every 100 men and 39 in every 100 women are at risk of developing cancer at some point during their lives (per the American Cancer Society, Cancer Facts & Figures 2023, page 4). A cancer-specified-disease insurance policy is designed to provide such a policyholder with cash benefits to help defray the expenses of covered, eligible cancer treatments.
Disconcertingly, cancer can occur at any time in one's life -- regardless of lifestyle. Contact licensed insurance agent Bob Morgan.
A Summary of Cancer Insurance
- The money derived from cancer benefit insurance comes directly to you/the policyholder, all at once in one lump sum payment; unless you choose to direct the payment benefits to your healthcare provider(s) for eligible expenses.
- You know in advance precisely how much money would be paid in the unfortunate and unwanted event of a covered claim(s) being submitted.
- Cancer insurance plans are guaranteed renewable for life; subject to your insurance company’s right to increase premium on a class basis, and so long as timely and correct payments are made to maintain such a cancer coverage policy.
- Such a supplemental, cancer coverage insurance plan is available for individuals, single-parent situations or the family.
* American Cancer Society Cancer Action Network The Costs of Cancer