Cancer Insurance?? - Page 3

terrier3 · ‎03-10-2010

@Tinkrbl44 wrote:
I can clarify ..... I was an Aflac agent for 15 years, and also still have a Cancer policy.

The policy pays cash benefits that can be used as you wish ... for medical expenses, mortgage payments, etc etc. This policy pays not only upon diagnosis of internal cancer with a hefty lump sum, but also pays based on tests and treatment you undergo, going forward

One of the reasons this has been such a popular policy is that when a spouse is diagnosed, oftentimes the other spouse takes time off from work to care for them, which means one illness can compromise two paychecks. That's why the Aflac cash coming in can be so necessary to keep them going financially.

Happy to answer any other questions ... and hope this helps.

Tink

So this isn't health insurance - it's s form of disability insurance?

Wouldn't it be better to just have a private disability policy? You are betting that you will be diagnosed with a specific disease with "cancer" or "heart" insurance..

mima · ‎03-14-2010

Cancer insurance is not to take over where your regular insurance stops. Cancer insurance is a lump sum payment to help with traveling or motel expenses and to supplement income in case you have to take off work.

We (DH and I) do both have the insurance. I have cancer thick on my side of the family and Dh does not. I felt that if I was the only one insured, he'd probably be the one that got cancer. So we just got it for both of us. It isn't very expensive.

After so many years if you do not use the policy, you get your premiums back. It is a win-win for both parties. We get our premiums back and they have used our money interest free for all those years. At that point you need to decide if you want to start another round of paying per month for so many years (can't remember how many). If you cancel the policy before your contract is up, you just lose what you put into it.

Ours is through a legit company.

jaxs mom · ‎04-18-2012

@gidgetgh wrote:
We have a cancer policy with Aflac. Last year, when my husband was diagnosed with colon cancer, they paid us $18,000.

Why did they pay you 18k? The policy is to pay people who get cancer? I'd have thought it was to pay for medical treatment.

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Mmsfoxxie · ‎06-19-2010

Hmmm, this is getting confusing. It's additional insurance for catastrophic illness or lump sum money for treatments. It's paid out as disability. If premiums are not used, you get it back but you have to be in the program for specified time before this happens. But then, you really don't need this insurance at all any more. Ok. Huh??

“You can’t wait until life isn’t hard anymore to be happy”. (By Nightbirde, singer of the song, It’s Ok)

gidgetgh · ‎03-09-2010

@JAXS Mom wrote:
@gidgetgh wrote:
We have a cancer policy with Aflac. Last year, when my husband was diagnosed with colon cancer, they paid us $18,000.
Why did they pay you 18k? The policy is to pay people who get cancer? I'd have thought it was to pay for medical treatment.

@jaxs mom- no, they pay the policy holder. They have a list of what they pay for and how much. My husband received payment for the cancer diagnosis, colonoscopy, Endoscopy, payment for number of days in the hospital, payment for number of days in a rehab facility afterwards. They also paid for the ambulance trips (his insurance also paid for the ambulances). He received payment for having anesthesia. He received payment for having surgery. He also received payment for blood transfusions. Fortunately, he did not need chemo or radiation.

As I said, they have a list, like a menu. They tell you exactly how much they pay for each item. The payment is made directly to you and you can do what you wish with the funds. I call it "pain and suffering" insurance.

Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?

jaxs mom · ‎04-18-2012

This is the craziest thing I've heard in ages, and I am a cancer survivor.

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151949 · ‎03-09-2010

@JAXS Mom wrote:
This is the craziest thing I've heard in ages, and I am a cancer survivor.

Some people have a pretty simple cancer treatment and others a horribly complicated one. For instance if you live near a cancer treatment center and can easily get there every day, and your treatment may be as simple as Mon thru Fri radation treatments, you may be able to manage it fairly easily.BUT - if you live 100+ miles from the cancer treatment center and your treatments consist of daily debilitating chemo leaving you horribly sick and weak, your family may decide they want to be with you and that could mean they will need to stay in a hotel - eat meals in restaurants or hospital cafeterias, have travel expenses and maybe child care costs, and time away from their job that may not be paid time - any number of things that can really add up quickly above and beyond just medical bills. This type of insurance is designed to help families with the financial burden of this. The areas surrounding Pittsburgh are all very rural and we frequently had patients and families in these situations - either staying in near to the hospital hotels or travelling long distances back & forth or both. Plus family who are off on family medical leave - that is not paid unless you have time like vacation or personal days you can use. The law says they have to give you the time off but not that they have to pay you for it. So that's what this insurance is about.

tedEbear · ‎03-22-2015

My son was in in a horrific car accident a while back. He had insurance through work and, of course, his auto insurance. He also had AFLAC, it paid for incidentals, whatever it was needed or wanted for. I couldn't understand what it was for, but his wife kept telling me it was for INCIDENTALS, an umbrella type, I guess. I never looked into it, they still have it to this day.----------tedEbear

Tinkrbl44 · ‎08-23-2010

@terrier3 wrote:
@Tinkrbl44 wrote:
I can clarify ..... I was an Aflac agent for 15 years, and also still have a Cancer policy.

The policy pays cash benefits that can be used as you wish ... for medical expenses, mortgage payments, etc etc. This policy pays not only upon diagnosis of internal cancer with a hefty lump sum, but also pays based on tests and treatment you undergo, going forward

One of the reasons this has been such a popular policy is that when a spouse is diagnosed, oftentimes the other spouse takes time off from work to care for them, which means one illness can compromise two paychecks. That's why the Aflac cash coming in can be so necessary to keep them going financially.

Happy to answer any other questions ... and hope this helps.

Tink
So this isn't health insurance - it's s form of disability insurance?
Wouldn't it be better to just have a private disability policy? You are betting that you will be diagnosed with a specific disease with "cancer" or "heart" insurance..

It's similar to disability insurance, but coverage is not restricted by your income level. When I was was selling their disability coverage via payroll deduction, most people would only qualify for somewhere between $500 to $1000 a month, when coordinated with CASDI. Not really enough coverage, in most cases.

People who have a family history of cancer/heart disease are not the only ones who find these policies beneficial .... it's excellent coverage against catastrophic illness.

These policies also have Wellness Benefits ... partial refunds of annual premium for doing annual checkups. My mammogram and pap test will refund me a total $300 a year from my two policies, which significantly reduces my net annual costs. HTH

terrier3 · ‎03-10-2010

@tedEbear wrote:
My son was in in a horrific car accident a while back. He had insurance through work and, of course, his auto insurance. He also had AFLAC, it paid for incidentals, whatever it was needed or wanted for. I couldn't understand what it was for, but his wife kept telling me it was for INCIDENTALS, an umbrella type, I guess. I never looked into it, they still have it to this day.----------tedEbear

I have been in commission sales for most of my career and I have had a ersonal disability insurance policy since I had my son. When you rely on sales to make money and are out of "service" due to an illness, a disability i nsurance policy is helpful.

I would never bother with a "cancer" or a "heart" policy - I chose something that would pay out no matter what the disability. Because I signed up when I was 30, I pay about $40/mo. for 2K a month insurance - which starts after being off for 3 months and continues through age 65. Every year you can increase coverage for a minimal amount of money...up to a certain age.