Why Consider a Cancer Indemnity Policy?

The total financial impact of cancer includes direct and indirect costs. The American Cancer Society estimates that one in five insured persons diagnosed with cancer uses all or most of their savings because of the financial cost  of dealing with cancer. (American Cancer Society, Cancer Facts & Figures 2008, page 38) 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, men have slightly less than a one in two lifetime risk of developing cancer; for women, the risk is a little more than one in three. (American Cancer Society, Cancer Facts & Figures 2013, page 1) 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 coverage to help pay for additional costs associated with treatment.

With a Cancer Benefit

• 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.