The statistics are staggering — one out of two men and one out of three women will face cancer in their lifetime. As an insurance professional, you know how devastating a cancer diagnosis can be—not just emotionally, but financially. The Cancer Expense Protection program from Assurity Life Insurance Company offers your clients a valuable safety net that can help them manage the high costs associated with cancer treatment.
Comprehensive Cancer Expense Coverage
The Assurity at Work Cancer Expense Plan provides a broad range of benefits to help insureds cover the costs of both immediate and ongoing treatments. Coverage extends beyond cancer to include 30 dread diseases, offering expanded protection for individuals and families alike. A Family Rider is available to include a spouse and/or eligible children under one policy, enhancing the plan’s value for households seeking comprehensive coverage.
Ideal Clients and Use Cases
This plan is ideal for employers looking to offer voluntary benefits, or individuals seeking supplemental cancer insurance. You might have a small business client who wants to provide added protection for their employees, or an individual client with a family history of cancer. Coverage is available to employees aged 18 to 69 and is guaranteed renewable, providing long-term peace of mind.
Coverage Features and Available Benefits
The policy includes a wide array of benefits designed to support clients throughout their treatment journey:
- Hospital Indemnity
- Prescription Drugs and Medicines
- Surgical Benefit and Anesthesia
- Radiation, Chemotherapy, or Immunotherapy
- Experimental Treatment
- Bone Marrow Transplant for Cancer
- Transportation and Lodging Benefits
- Private Duty Nurse and Home Health Care Services
- Outpatient Positive Diagnostic Testing and Surgery
- Skin Cancer and Breast Cancer-related Benefits
- Hospice, Ambulance, and Extended Care Facility
- Hairpiece Benefit and Durable Medical Equipment
- Professional Mental Health Consultation
- Waiver of Premium and Extended Benefits
Available Riders
To further tailor the coverage, several optional riders are available:
- Family Rider
- Cancer Only Hospital Intensive Care Rider
- Intensive Care Unit Rider
- Internal Cancer First Occurrence Benefit Rider
- Return of Premium Rider
- First Hospital Admission Rider
Underwriting and Program Details
- Employee Issue Ages: 18 – 69
- Guaranteed Renewable
- This plan is not eligible for the Guarantee to Issue Program
- Offered on a non-admitted basis
Program Availability
This Cancer Expense Protection plan is available in most states, including AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Why Work With Assurity Life Insurance Company
Assurity Life Insurance Company brings decades of experience in individual and worksite benefits. Their Cancer Expense Protection plan is thoughtfully designed with both flexibility and comprehensive coverage in mind. Agents and brokers benefit from Assurity’s responsive support, robust plan features, and optional riders that let you build coverage packages tailored to your clients' unique needs.
Whether you’re helping a small business enhance its employee benefits package or assisting an individual seeking extra protection, Assurity's Cancer Expense Protection plan is a strong solution for managing the financial impact of a cancer diagnosis.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program works well for small to mid-sized employers offering voluntary benefits, as well as individuals and families looking for supplemental cancer coverage.
Can dependents be added to the policy?
Yes, the Family Rider allows you to add a spouse and/or eligible children to the coverage.
Is this plan available in all states?
The Cancer Expense Protection plan is available in most U.S. states. Please refer to the state list provided or contact Assurity for state-specific availability.
What are the employee eligibility requirements?
Employees must be between the ages of 18 and 69 to apply for coverage under this plan.
Is this an admitted or non-admitted product?
This Cancer Expense Protection plan is offered on a non-admitted basis.
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