Life-threatening medical conditions, such as cancer, put a huge strain on families emotionally as well as financially.
At a difficult time, most people want to concentrate on their or their loved one’s recovery, not worry about how they will make ends meet.
This post will explain cancer insurance and how it works and how it may help ease the burden on families.
This is a specialised medical insurance product designed to help you meet the costs of private cancer diagnosis and treatment.
Conditions such as cancer are not covered by many conventional private health insurance policies. This is because they carry a greater risk to insurers than acute (short-term, curable) illnesses.
Cancer cover, however, differs from insurer to insurer. Some will only insure you for certain types and stages of the disease. It is, therefore, vital that you check your policy carefully to make sure it is adequate for your needs.
Many plans work by providing you with a cash lump sum upon diagnosis. Depending on the level of cover you opt for, you may be able to receive a pay-out of anything from £15,000 up to £60,000 for treatment.
If you would like to find out more about the different types of Private Medical Insurance available, take a look at this guide.
Mary has a family history of cancer. 15 years ago, she took out a cancer insurance policy but unfortunately, she then was diagnosed with stage 4 Non-Hodgkin’s Lymphoma. Mary received a pay-out of £10,000 upon diagnosis, which she can use over the course of a year to pay for her chemotherapy treatment at home.
If you would like to find out more about Cancer Insurance and how it could help you protect you and your family through cancer treatment, get in touch with an insurance advisor. They can offer you a free, no-obligation quote to suit your personal circumstances.
Quick friendly service. I was quite confused about what my family and I required but the policy options were quickly clarified and I got a great price and top service. Emily Thompson, Bath
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* Medical insurance from 95p per day is an illustrative figure only and may not be available to you. The figure is based off of a 25 year old with no previous health issues taking up a Priority Health policy from Health-on-Line with a £100 excess. Figure accurate as of 17/08/2016.
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