When you receive a diagnosis of cancer many questions arise. Will I survive? If I do survive, will my family have enough money to survive my treatment and time out of work? Most major medical policies today carry large deductibles and hefty Maximum Out of Pocket expense limits. This can leave you with large bills still owed to medical facilities. These expenses don’t even include the daily cost of living you still have even with being out of work for treatment. Who is going to help with your pets? Clean the house and buy groceries? Mow the lawn and make the house payment? Our Flexible Choice Cancer Policy will come to your aid as soon as a cancer diagnosis is made. We will pay you the benefit amount of your choosing in one lump sum to use however you need.
LUMP SUM CANCER INSURANCE
Receive a lump sum cash benefit if you are diagnosed with cancer
The cost of cancer is hard to predict. Which is why our Lump Sum Cancer Insurance Policy provides you with a lump sum cash benefit if you are diagnosed with cancer. You can select a benefit amount from $5,000 to $100,0001, and your policy is guaranteed to be renewable for life.†
Caught off guard
Kate always took good care of herself, so she was caught off guard when a recent mammogram identified early signs of breast cancer. Thankfully, the mammogram caught the cancer early, but Kate learned that surgery and chemotherapy treatments would have her out of work for longer than she expected.^
Supplemental Insurance can help
Luckily, Kate had Lump Sum Cancer insurance, which paid her a cash benefit when she was diagnosed.1 This meant she could still pay her household bills.2 And it allowed her to focus on what was truly important – getting well – rather than worrying about her finances.
How will this help me?
- A Lump Sum Cancer Policy pays a cash benefit anywhere from $5,000 to $100,000, to use any way you wish1
- Your policy is Guaranteed Renewable for Life†
More affordable than you may think
For less than the cost of going out to dinner, a Lump Sum Cancer Policy can help provide for you after a cancer diagnosis.1 Now’s the time — protect yourself with a low-cost, effective policy.*Call now and get a quote… 800-680-3446
^All case scenarios are presented for illustration only.
*Premium based on the individual rate for a 40 year old in Alabama with a $20,000 benefit amount. Individual rates will vary based on your state, age at time of issue, coverage type and the benefit amount you select. Rates are subject to change. In South Carolina and Washington, the minimum benefit amount is $25,000.
†Policy cannot be canceled as long as you pay your premium when due. The company reserves the right to increase premiums on a class basis.
1Minimum and maximum benefit amounts may vary by state and all benefits payable are subject to the terms and conditions of the policy.
2Benefits received in excess of medical expenses may be considered taxable income. Consult your tax advisor.
3American Cancer Society, Cancer Facts & Figures 2014, Page 1.
THE ACCIDENT EXPENSE POLICY PROVIDES LIMITED BENEFIT COVERAGE FOR AN ACCIDENTAL INJURY ONLY. THE LUMP SUM HEART ATTACK AND STROKE POLICY PROVIDES LIMITED BENEFITS and should be used to supplement existing medical coverage. THE LUMP SUM CANCER POLICY AND CANCER TREATMENT POLICY ARE CANCER ONLY POLICIES and should be used to supplement existing medical coverage. A SUPPLEMENTAL POLICY IS NOT A MAJOR MEDICAL OR COMPREHENSIVE HEALTH INSURANCE POLICY AND DOES NOT PROVIDE THE MINIMUM ESSENTIAL COVERAGE NECESSARY TO AVOID PENALTY UNDER THE AFFORDABLE CARE ACT OF 2010 (ACA).
This website is designed as a marketing aid and is not to be construed as a contract for insurance. It provides a brief description of the important features of the policy. Full terms and conditions of coverage are defined by and governed by an issued policy. Please refer to the policy for the full terms and conditions of coverage. Availability varies by state. This is a solicitation for insurance. An insurance agent/producer may contact you. Accident Expense, Cancer Treatment, Lump Sum Cancer, Lump Sum Heart Attack and Stroke and Individual Whole Life Insurance Policies are underwritten by Loyal American Life Insurance Company.
The Accident Expense Policy is not available in CA, CO, CT, FL, KS, KY, MA, MD, MN, MT, NH, NJ, OH, OR, TX, UT, VA & WA.
The Cancer Treatment Policy is not available in CA, CT, FL, MA, MD, MN, NH, NJ, UT, VA & WA.
The Lump Sum Cancer Policy is not available in CT, MA, MD, MN, NH, PA, UT & VA.
The Lump Sum Heart Attack and Stroke Policy is not available in CT, GA, MA, MD, MN, NH, PA, UT & VA.
The Individual Whole Life Policy is not available in CA, DE, FL & MT.
Lump-Sum Cancer Policy/Rider and Cancer Recurrence Benefit Rider If you happen to be diagnosed within the first 30 days following the effective date of the policy and/or rider, the benefit amount payable will be reduced to 10% of the selected benefit amount, and your coverage will be terminated. (Not applicable on cancer recurrence benefit rider.)
No benefits will be payable for:
- Any disease, sickness or incapacity other than cancer as defined; this is so even though such disease, sickness or incapacity may have been complicated, affected (directly or indirectly) or caused by cancer;
- Loss that begins prior to the policy and/or rider effective date;
- Diagnosis received outside the United States or its territories, unless otherwise specified in the policy and/or rider; or
4. Any illness specifically excluded from the definition of cancer or carcinoma in situ.