GLENVIEW, Ill., April 7, 2016 /PRNewswire/ -- April is National Cancer Control Month. Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and a Chubb company, is encouraging consumers to take time out this month to assess whether they have the right amount of insurance to protect themselves if they or a family member were afflicted with cancer.
The ability for consumers to pay for cancer treatment has become increasingly difficult over the past two decades. According to the Mayo Clinic, annual drug treatments cost less than $10,000 for an average patient before the year 2000, and by 2012 that figure jumped to more than $100,000.
Major medical insurance helps to cover some of the costs of cancer treatment, but on top of paying for medicine and doctor visits, patients still have to pay for their regular living expenses—such as mortgage, car payments, etc. These costs are not covered by typical major medical insurance, and many people lack cancer insurance coverage that can help pay for the non-medical costs associated with this disease.
"Cancer can strike anyone at any time, regardless of lifestyle," says Jan Martin, Vice President, Product Innovation at Combined Insurance. "It's not something that anyone wants to think about, but the reality is that nearly 40 percent of men and women will be diagnosed with some form of cancer at some point during their lifetime [according to the National Cancer Institute]."
Martin says that National Cancer Control Month is a good time for consumers to consider protecting themselves and their families with supplemental cancer insurance. Before deciding, Martin says individuals should ask themselves, if they had cancer, would they be able to pay for:
If an individual would need help paying for these expenses, Martin says they should consider supplemental cancer insurance coverage. In addition to covering some of the costs associated with treatment, there are other potential benefits of a supplemental cancer policy, depending on the policy and the provider.
Combined Insurance's Cancer Protector insurance offers the insured:
For more information, visit www.combinedinsurance.com.
About Cancer Protector
Combined Insurance's Cancer Protector is a supplemental specified-disease insurance policy. The information provided by this document is only a brief description. See the actual policy for complete details of the policy plans, features, benefits, options, rates, definitions, limitations, and exclusions. Products vary by state. Subject to availability and qualifications.
In New York, life, accident & sickness and disability insurance policies issued by Combined Life Insurance Company of New York (Latham, NY). Combined Insurance Company of America is not licensed and does not solicit business in New York.
About Combined Insurance
Combined Insurance Company of America (Chicago, IL) is a leading provider of individual supplemental accident, disability, health and life insurance products and a Chubb company. With a tradition of more than 90 years of success, Combined Insurance is one of Ward's Top 50® Performing Life-Health Insurance Companies and was named the number one Military Friendly® Employer by G.I. Jobs magazine in 2015 and 2016. Combined Insurance is committed to making the world of supplemental insurance easy to understand. For more information about Combined Insurance products, career opportunities or to contact a local sales agent, call 1-800-490-1322 or visit www.combinedinsurance.com.
About the New Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.new.chubb.com.
SOURCE Combined Insurance