Health care can be expensive, but when you’re diagnosed with a serious illness like cancer, those medical bills can skyrocket. For many people, this means not being able to afford the care they need. Luckily, insurance providers are starting to offer life and cancer insurance designed to help individuals cover the financial strain that comes with long-term treatment. If you’re worried about cancer risk and want to prevent the financial strain of ongoing medical bills, life and cancer insurance may be the best option. Here’s what you need to know.
What Is Cancer Insurance?
Life and cancer insurance policies are designed to give you and your beneficiaries payments if the unexpected happens. Life insurance policies distribute payments upon the policyholder’s death, while cancer insurance distributes payments upon the policyholder receiving a cancer diagnosis. Most of these policies offer a lump sum payment to help cover the cost of impending medical bills. However, some policies may provide ongoing distributions to cover the cost of care long-term.
Who Needs Life & Cancer insurance?
Everyone can benefit from life insurance, but cancer insurance is not always the best investment. Individuals who have a family history of cancer or have been exposed to known carcinogens over an extended period may want to invest in this coverage. By investing in a policy, you can focus on getting better rather than worrying about the cost of the treatment.
Cancer insurance can be customized to fit your budget, and many policies provide funds without a lifetime maximum on the benefits. This means you’re covered even if the treatment continues for several years. Also, the coverage is paid directly to the policyholder, instead of a health insurance company or physician’s office.
If you’re looking for a way to protect your loved ones and reduce the financial burden of a cancer diagnosis, contact Tower Community Insurance, serving Tennessee and Alabama. Their dedicated agents understand that a cancer diagnosis can be both scary and stressful. They will help you find the right life and cancer insurance coverage for your budget. Learn more by visiting their website. Call (256) 259-1116 for a free quote.