Cancer/Specified Disease Insurance

What is cancer/specified-disease insurance? No one wants to experience a cancer diagnosis, but the fact is that the risk of getting cancer is great. In the United States, men have slightly less than a 1-in-2 lifetime risk of developing cancer, for women, the risk is a little more than 1-in-3 (Cancer Facts & Figures 2012, American Cancer Society). A cancer/specified-disease insurance policy is designed to provide you with cash benefits during covered cancer treatments.

A cancer/specified-disease insurance policy can also help protect your income and savings from expenses that aren't covered by your major medical insurance, including:

  • Out-of-pocket medical expenses
  • Out-of-network specialists
  • Experimental cancer treatment
  • Travel and lodging when treatment is far from home
  • Child care and household help
  • Normal living expenses, such as your car payment and utility bills