Cancer, American Cancer Society, Joe Young discussed on Agent Survival Guide Podcast: Empowering insurance agents selling Medicare, Long-Term Care, Life, Annuities, & Final Expense
How would an unexpected diagnosis affect your clients? Give them peace of mind with coverage that can help ease the stress of cancer treatment AS g episode ninety. Why is cancer insurance worth selling written by Roxanne Anderson Cancer insurance can help offset the cost of care for those diagnosed with the second leading cause of death in the United States. Let's talk about what makes selling this type of supplemental coverage advantageous for agents raise your hand. If you know someone affected by cancer, the majority of people do because cancer does not discriminate. It doesn't matter if it's a top athlete or an average, Joe young or old male. Or female. No one is out of reach of this deadly diseases grasp according to the American Cancer Society, too in five men and one in three women will develop cancer during their lifetime. Chances are you personally know someone affected by cancer. Maybe they go to your church or their kids play on your kids team. They could even be a family member as an insurance agent. You have the chance to deliver peace of mind to a future fighter by helping them fund their battle against this lethal fo the benefits that cancer insurance can provide a twenty thirteen study from the Fred Hutchinson cancer research center found that individuals with cancer were approximately two point seven times more likely to declare bankruptcy than those without cancer. Additionally, a recent study from the same organization found. That financial insolvency may act as a risk factor for early death among cancer patients, in addition to devastating person's health cancer can also recap Vic on their bottom lines and thereby further negatively impact their health cancer insurance can alleviate some of the financial burden those diagnosed with certain cancers face. It can also help fighters and survivors provide for and protect their families. Generally speaking, there are three main types of cancer policies also known as dread disease policies expense incurred indemnity and I, I ag- notice or occurrence the first to pay set amounts for covered medical expenses. The louder pays a lump sum which can often be used for medical and non medical expenses, like monthly bills upon the first diagnosed. Of cancer. These are some expenses. A cancer insurance policy may cover. Co pays deductibles out of network specialists, hospital stays tests, treatments and procedures like chemotherapy, even travel accommodations for patients and their loved ones. Considering if cancer insurance is right for your clients when deciding whether to add cancer plans to your portfolio, determine if this type of ancillary cross sale makes sense for your clients and your prospects. For the most part, cancer insurance is available to individuals eighteen to ninety nine years of age. Some carriers won't issue policies to people who have been previously diagnosed or treated for particular cancers or other conditions, such as aids aids related complex issue or Hodgkin's disease. Additionally. Many carriers who provide this kind of protection offer policies that pay out for cancers of internal organs, but not most skin cancers for those with a family history of cancer, and those who make lifestyle choices that can increase their likelihood of developing this dread disease. Cancer policies can be worth every penny for the agents who sell them. These policies can merit much more.