Tough times get easier with cancer insurance

Offer protection through diagnosis, treatment and recovery

Cancer insurance enhances your benefits package by assisting employees and their loved ones if they face a battle with cancer, without adding costs to your bottom line.

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Provide cancer coverage to help protect employees when they need it most

Make the costs associated with cancer more manageable for your employees

Benefits are a huge selling point for your business to your employees, yet it’s becoming harder for employers to offer competitive packages without incurring significant costs. Cancer insurance from Colonial Life can help bridge the gap, providing additional coverage employees may need and helping you build a comprehensive benefits package to boost retention without boosting your company’s expenses.

Cancer insurance provides benefits to help offset both indirect and direct cancer costs that may not be covered by an employee’s medical plan such as:

  • Deductibles and co-pays
  • Out-of-network treatment
  • Travel, lodging and meals during treatment
  • Child care
  • Home health services

Some plans also cover an annual cancer screening test to assist with prevention and early diagnosis.

The risk of developing cancer during a lifetime is about 1 in 2 for men and about 1 in 3 for women.1

Our cancer insurance is designed with both employees and employers in mind

Employers and HR professionals

  • Provide a sound benefits package that can help attract and retain high-performing employees, without incurring additional company expenses
  • Manage the increasing costs of coverage through voluntary benefits and potential savings
  • Simplify the enrollment process for all your benefits, including traditional medical plans, by partnering with our nationwide team of licensed benefit counselors
  • Reduce administrative burden by leveraging Colonial Life’s enrollment solutions and 24/7 support

Your employees and their families

  • Can gain peace of mind knowing that they can focus on recovery rather than paying hospital bills
  • Receive direct benefits (unless they specify otherwise) that can be used however they’d like, regardless of any other insurance they may have
  • Can select coverage options for themselves and/or eligible dependents
  • Some policies are portable, allowing employees to keep their coverage even if they change jobs

Commonly asked questions about cancer insurance

What cancer insurance plans are available?

Colonial Life offers several individual and group cancer insurance plans, with several optional riders also available. Product availability differs by state. To learn more about the features and benefits of each one, contact your Colonial Life sales representative.

How do I choose between offering my employees individual or group plans?

Individual and group plans have pros and cons. Your Colonial Life sales representative can help you determine the best fit for your business and your employees.

Pros for individual plans include:

  • Employee-owned and portable, so employees can keep their policies if they change jobs
  • Guaranteed renewable in most states; rates stay stable
  • No particiation requirements or account-level rate increases

Individual plans may have stricter underwriting requirements and have more limited rate flexibility, which leads to potentially higher rates.

Pros for group plans include:

  • Employer-owned, so benefits apply to all eligible employees across state lines (based on situs state)
  • Flexible underwriting with guaranteed-issue options
  • More rate flexibility

Group plans may experience group-level rate increases and are ported or converted at higher rates. Minimum participation requirements are also common.

What does cancer insurance cover?

Our cancer insurance offers more than 20 benefits that can help pay for costs that may not be covered by your medical insurance. Some of these include:

  • Radiation/chemotherapy
  • Surgical procedures
  • Hospital confinement
  • Transportation and lodging
How does cancer insurance work?

If insured employees are diagnosed with cancer, they can file a claim with Colonial Life and begin the process of receiving benefits for their treatment and recovery. If they have an initial diagnosis rider, they may be able to receive additional lump-sum benefits during the diagnosis phase.

I have an employee with a Colonial Life cancer insurance policy. Where can they find a copy of their policy?

To view a copy of their policy, update contact information or manage their Colonial Life insurance, employees should log in to their account. If they don’t have an account, they can register here.

How does an insured employee file a cancer claim or see the status of an existing claim?

To start the claims process, employees should log in to their account. The fastest way to receive benefits is to file a claim online and set up direct deposit. Paper claims are also available. For more information on filing a cancer claim, see our cancer claim page.


1. American Cancer Society, “Cancer Facts & Figures 2015,” 2015

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