Supplemental Cancer Insurance as a Financial Planning Strategy

You May Be At Risk

Statistically, one in three women will be diagnosed with some form of cancer in their lifetimes. For men, it is one out of two. What's more, a history of cancer in your family may put you at an even higher risk.

Either way, supplemental cancer insurance is an affordable way to help you survive cancer with less financial stress. That is because it will aid in the payment of most unexpected costs that usually accompany treatment and recovery. The fact is, no matter how good your medical insurance is, there will be many other expenses to consider.

If you accept the possibility of being diagnosed with cancer sometime in your lifetime, why not explore the financial risks that supplemental cancer insurance is meant to provide protection for.

Make an Informed Decision Now

Insurance regulators very closely monitor the marketing efforts of insurance companies. This is understandable to protect the consumer from fraudulent or exaggerated offerings.

We want you to:

• Be informed about what supplemental insurance is
• Know how it differs from comprehensive medical
• Know what companies offer supplemental cancer insurance
• Know the difference between their plans

Think about it as just one more strategy in your overall financial plan. The difference it can make to your family's wellbeing can be dramatic. Unfortunately, once you have been diagnosed with internal cancer, it's too late to get supplemental cancer insurance.

Some companies may deny this coverage if you've had cancer, while others may cover you if you have been in remission for at least 5 years. Insurance companies make a living from managing risk, and an individual with a positive diagnosis is no longer a risk, they are "a certainty". They can no longer insure you. The time to think about these problems is now, before you find out you have cancer.

Have you ever wondered why families and communities often have fundraisers, such as bake-sales, raffles, and everything else imaginable to help a family member who has been diagnosed with cancer? Everyone understands that more money may be needed for additional medical treatments, and this is not always due to lack of a comprehensive medical plan. And this is not the only financial challenge that the family will face.

They may have "maxed-out" their health insurance policy, or it doesn't cover certain procedures or limits them. All these extra, unexpected out of pocket expenses associated with cancer treatment can truly pile up, such as:

• Second Opinions
• Travel
• Lodging
• Food
• Child Care
• Household Help
• Loss of income
• Time spent by family members away from work

High deductible plans, which are becoming more popular because of the increasing cost of medical care, can also add to these out of pocket expenses. Most of America is debating the issue of health care right now. Meanwhile cancer victims have to deal with beating this dreaded disease and have to worry about surviving with enormous debt.

And yes, survival rates are on the rise. But what about the financial aftermath that such an ordeal can bring.

More families today are living paycheck to paycheck than at any time in recent history. Savings are also at an all time low and medical insurance with high deductibles is becoming the norm. Not only people with a history of cancer in their family or the family's sole wage earner should consider supplemental cancer insurance. A positive diagnosis of any member will affect the whole family.

Why Haven't I Heard of This Before?

This type of coverage has been available for decades so it always surprises us to find how many people don't know about supplemental cancer insurance. We feel that there is a generalized misconception that it is meant to "replace" or "compete" with major medical. Nothing is further from the truth.

Supplemental cancer insurance works best when you have medical insurance (which pays most of your hospital and doctor's bills). In fact, you may not even be allowed coverage unless you have major medical! It is a financial safety net meant to help alleviate the devastating cost of treating cancer, which will now go well beyond the hospital and doctor's bills.

What If?

What if you could buy some peace of mind with respect to these serious consequences; and provide your family another layer of protection against "surviving cancer". Remember, life insurance is a must, but it only pays if you die! Your purpose, your goal, is to survive this dreaded disease.

What if you could survive knowing that:

• You would be able to cover all or most of your medical bills
• You would have a roof over your head (and not one that is heavily mortgaged)
• Your financial future would still be intact, your savings untapped
• You would not be refused further treatment because your major medical insurance had reached it's lifetime benefit payout

An Easy Solution

Supplemental cancer insurance is a sensible way to provide for the catastrophic financial consequences of a bout with cancer. There is no need to bear the risk all by yourself. Acquiring coverage is easy and affordable.

The horror stories that we have heard from families like yours is what has led us to research the companies that offer cancer insurance and select the ones that offer the most comprehensive and affordable cancer policies.

Don't forget: the time to look into supplemental cancer insurance is now, before a positive diagnosis, especially if you are a high risk individual due to your family history. There is no better time to talk to an advisor about what plan best fits your needs.

Add that final piece to your financial strategy and avoid unnecessary anguish. For a no-obligation consultation with an experienced professional, please feel free to contact us.

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