Why Consider Cancer Insurance?
The total financial impact of cancer includes direct and indirect costs. Many people diagnosed with cancer use all or most of their savings because of the financial cost of dealing with cancer*. The problems are significantly worse for those without insurance.
No one wants to experience a cancer diagnosis, but the fact is that the risk of getting cancer is great. In the United States, approximately 41 in every 100 men and 39 in every 100 women are at risk of developing cancer at some point in their lives.. (American Cancer Society, Cancer Facts & Figures 2023, page 4) A cancer/specified-disease insurance policy is designed to provide you with cash benefits during covered cancer treatments.
Cancer can occur at any time regardless of lifestyle, yet too many people lack cancer insurance to help pay for additional costs associated with treatment.
With a Cancer Benefit Insurance
- The money comes directly to you, all at one time in one lump sum payment, unless you assign it to a health care provider.
- You know exactly how much money may be paid for a covered claim — there are no surprises.
- It is guaranteed renewable for life, subject to the company’s right to increase premium on a class basis.
- Coverage is available for individual, single parent, or family.
* American Cancer Society Cancer Action Network The Costs of Cancer