SOURCE: CancerInsurance.com

CancerInsurance.com

November 19, 2014 05:50 ET

CancerInsurance.com Adds New Lump-Sum Cancer Insurance Policy

PLANTATION, FL--(Marketwired - Nov 19, 2014) - CancerInsurance.com, an independent online marketplace to quote and compare lump-sum cancer insurance and critical illness policies, announced today the addition of Cigna's Critical Choice Cancer/Heart Attack and Stroke policy (Insured by Loyal American Life Insurance Company) to its plan offerings.

The new supplemental cancer insurance policy option at CancerInsurance.com provides a benefit amount of $5,000 to $50,000 in coverage, which is paid in a lump-sum amount upon first diagnosis of cancer and can be used in any way a policyholder chooses.

"CancerInsurance.com is always seeking ways to expand its supplemental insurance policy options to add greater value and choices for consumers," says Kristen Reineke, CMO of CancerInsurance.com. "We're excited to work with a top-rated health services company like Cigna. And, with this lump-sum cancer policy, people can easily add dependents and family members directly online, which makes purchasing for the entire family easier."

Policy details and features of Cigna's Critical Choice Cancer/Heart Attack and Stroke policy include (coverage may vary by state):

  • Coverage available for individuals age 18 to 80 years-old with the ability to add both a spouse and family members directly online.
  • Recurrence Benefit which will pay an amount (not to exceed an additional 100% of the selected benefit amount) if a policyholder has not received advice or treatment for at least two years from the day of the last visit with a doctor.
  • Guaranteed renewable for life (subject to the company's right to increase premiums on a class basis). The cancer policy cannot be cancelled as long as premiums are paid on time.
  • Portable cancer insurance coverage that goes wherever a policyholder goes.

"The cost of cancer care has increased while treatments are advancing and survival rates are at an all-time high," says David Chambers, vice president, agent distribution for Cigna's U.S. Individual business. "This cancer insurance policy can help people financially prepare for an unexpected cancer diagnosis, and all of the unanticipated expenses that can follow."

A lump-sum cancer policy is designed as a supplemental insurance plan to complement health coverage while helping people manage the financial risks and high costs of cancer treatment.

"With a cancer diagnosis, it's not just the copays and out-of-pocket health costs that can take a significant financial toll over the course of treatment," says Reineke. "The lesser-thought-of non-medical costs associated with cancer can also add up, such as traveling for treatment, dietary and food supplements, or extra childcare for your kids." 

At CancerInsurance.com, people can search for supplemental lump-sum cancer insurance and critical illness policy quotes, compare options and ratings, and instantly apply through a secure e-application form with digital signature. Quotes and e-applications can also be saved online for people to revisit policies of interest that are offered by the nation's top-rated insurance companies and carriers.

Not all cancer and critical illness insurance policies are available in all states in America. For more information about CancerInsurance.com, go to www.CancerInsurance.com.

This is a solicitation for insurance. An insurance agent may contact you. This policy has exclusions, limitations and restrictions. For cost and complete details of the coverage, call the company.

About CancerInsurance.com
Founded in 2009, CancerInsurance.com makes it easy for people to search by ZIP code for instant cancer insurance and critical illness insurance quotes, compare options and apply online -- no medical exam is required. CancerInsurance.com's supplemental policies deliver a lump-sum payout upon diagnosis that can be used how a policyholder chooses while helping with out-of-pocket health costs, co-pays, alternative medicine, mortgage payments, lost wages and travel expenses.

Contact Information