Filling the Financial Gaps
As healthcare costs continue to rise and individuals face higher deductibles and unexpected out-of-pocket expenses, having coverage that fills these gaps is becoming increasingly important. Cancer Insurance is designed to complement existing health or disability income insurance, offering flexible benefits and various coverage options. With numerous benefit amounts available, there is a plan to suit almost any situation or budget. Unlike traditional health insurance, Cancer Insurance provides direct payment to the policyholder, not the healthcare provider, eliminating the need for complicated reimbursement processes
Here’s a video on Mutual of Omaha Cancer Insurance
The Need for Cancer Insurance
While no one wants to contemplate a cancer diagnosis, statistics show that nearly 1 in 3 men and women will develop cancer in their lifetime. Advances in medical science have improved survival rates, making it even more crucial to have financial protection in place. Cancer Insurance offers peace of mind by addressing the additional financial challenges that arise alongside a serious health condition like cancer.
Financial Considerations: Beyond medical expenses, a cancer diagnosis can have significant financial implications. Some of the key considerations include:
Replacing lost income during treatment or time off work.
- Meeting ongoing living expenses and bills.
- Covering health insurance deductibles and copayments.
- Arranging home health care or child care services.
- Traveling to specialized treatment facilities.
Designed With You in Mind
Cancer Insurance from Mutual of Omaha offers comprehensive coverage with several benefits and options tailored to individual needs. Here are the key features:
- Coverage Options: Choose from lifetime coverage or term options ranging from 10 to 30 years.
- Coverage Plans: Available for individuals, single parents, and families.
- Benefit Amounts: Flexible face amounts ranging from $10,000 to $100,000.
- Underwriting Guidelines: Express and Simplified underwriting options based on benefit amounts.
- Basic Benefits: Lump-sum benefit amount with no reduction at any age.
- Covered Conditions: Comprehensive coverage for internal cancer or malignant melanoma.
Optional Riders for Enhanced Protection
To further customize coverage, Cancer Insurance offers optional riders:
- Heart Attack/Stroke Benefit: Provides a lump-sum benefit for diagnoses or surgical procedures related to heart attacks, strokes, coronary artery bypass, or coronary angioplasty.
- Intensive Care Benefit: Offers a daily room benefit for intensive care unit confinement, covering up to 30 days per confinement.
- Cash Value Benefit: Gives policyholders peace of mind by providing a percentage of premiums paid, minus any received benefits, in the event the policy is not utilized.
Cancer Insurance offered by independent brokers like us is a simple and direct solution to the financial challenges individuals face when dealing with a cancer diagnosis. By providing coverage for medical expenses, lost income, and other related costs, Mutual of Omaha Cancer Insurance ensures that individuals can focus on their treatment and recovery without the added stress of financial burdens. Explore the various coverage options and riders available to find the right plan that suits your needs and provides the peace of mind you deserve during challenging times.