Cancer Insurance

Cancer is typically included in Critical Illness insurance.

Separate policies covering just cancer and not the other critical illnesses (heart attacks, strokes, etc.) are available.  Rather than paying a lump sum payment when an individual is diagnosed with cancer as is done with Critical Illness insurance, Cancer Insurance pays a pre-determined benefit for each treatment associated with the cancer (similar to how Accident Insurance pays).  Critical Illness insurance including cancer is offered more frequently than a stand-alone cancer policy.

Employees are eligible to enroll in the benefit regardless of whether the employee has health insurance through the employer, spouse, privately or does not have health insurance. Employees may enroll just themselves or other family members (spouse, children) should they choose to do so. Employees own the benefit and can take it with them at the same rate should they leave the company or retire.