The Importance of Cancer and Heart Attack/Stroke Insurance

According to the American Cancer Society, the 5 year survival rate for all types of cancer is 68%.  The American Heart Association reports survival rates for heart attack & stroke have improved significantly with deaths due to cardiovascular disease falling by almost 33% and stroke by almost 37%.  

So what do these #'s and trends mean?  There is a very good chance that if you or a loved one suffers from cancer, heart attack or stroke there will be a cost of survival that needs to be addressed.  The medical bills will hopefully be mostly covered by a Major Medical insurance policy but what about the other costs associated with a diagnosis?  

These costs include:

• Replacing lost income while unable to work
• Paying health insurance deductibles & copay
• Hiring home health care or child care services
• Keeping up with monthly expenses like mortgage, utilities & groceries
• Traveling to receive treatment

***According to the Centers for Disease Control & Prevention, the economic burden for survivors is substantial.  Here is what they found:

So how can Cancer and Heart Attack/Stroke insurance help?  It's simple.  The policy owner receives a LUMP-SUM CASH PAYMENT between $10,000 and $50,000 upon diagnosis.  The money can be used any way he/she chooses.  This type of policy provides cash when it's needed most.  Instead of worrying about how to pay the bills, you or your family member can focus on getting better!  

For more details please call the Licensed Experts at The Legacy Council at (513) 442-2000.