Protect your income with cancer insurance

Help cover expenses from diagnosis through recovery

Hopefully, you and your family will never face cancer. But if you do, Colonial Life is here to help. Our cancer insurance helps provide a financial safety net that can assist with covering cancer-related expenses that medical insurance doesn’t cover, so you can focus on what matters most: recovery.

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Financial hardship does not have to follow a cancer diagnosis

Cancer insurance helps you live well while getting well

Most of us don't expect to face a serious illness like cancer. However, statistics show 1 in 2 men and 1 in 3 women develop cancer in their lifetime.1 Some look to family history to determine risk, but that often doesn't tell the whole story. While heredity and environmental factors can play a role, inherited genetic factors impact only about 5-10% of all cancers.2

Fortunately, more people are surviving cancer thanks to early detection and more aggressive treatments. If you're diagnosed with cancer, you may find that your medical insurance doesn't cover everything. In addition to your day-to-day bills, you could incur costs for treatment and recovery, such as:

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

The need to scale back on work or take a leave of absence during treatment and recovery only adds to the stress. That's where supplemental cancer insurance helps. It assists with protecting you from financial hardship in the face of mounting cancer expenses.


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



How Colonial Life cancer insurance works

If cancer affects your life, you should be able to focus on finding the best treatment and getting better – not on how you'll pay your bills.

Colonial Life cancer insurance offers benefits to assist with out-of-pocket costs that may not be covered by your medical insurance, including expenses related to inpatient or outpatient treatment, surgery, travel and recovery care.

Equally important, some plans also cover an annual cancer screening test to promote prevention and early diagnosis. Optional riders may be available to provide even more financial protection during the initial diagnosis period and hospital stays.

With Colonial Life cancer insurance policies:

  • Coverage options are available for you, your spouse and your eligible dependents.
  • Benefits are payable directly to you, unless you specify otherwise.
  • Benefits are payable regardless of any insurance you have with other companies.
  • Some policies can be taken with you even if you change jobs.

Plans vary, so talk with your Colonial Life benefits counselor to learn more about how cancer insurance can help provide financial protection for you and your family.

An example of how cancer insurance can help

Paul and Kim were preparing for their second child when they learned Paul had cancer. Here’s how cancer insurance helped cover their out-of-pocket expenses without sacrificing the nest egg they had saved up for their family.

Doctor's screening

Paul's medical insurance wouldn't cover everything, but his cancer insurance helped. His wellness benefit assisted with paying for the screening that discovered his cancer.

Travel costs for second opinion

Kim and Paul used their cancer insurance to help cover lodging and transportation when they traveled to a top cancer hospital for a second opinion.

Surgery

The couple's benefits also helped offset out-of-pocket deductibles and co-pays related to Paul's surgery, hospital stay and recovery.

The examples above are for illustrative purposes only. Benefits may vary. The certificate and policy have exclusions and limitations. For complete details, see your benefits counselor.

Employers and HR representatives

Find out more about offering Colonial Life individual or group cancer insurance for your employees.

Commonly asked questions about cancer insurance

THIS IS A LIMITED POLICY. 

1. American Cancer Society, "Cancer Facts & Figures 2015," 2015
2. National Cancer Institute, "The Genetics of Cancer," cancer.gov/about-cancer/causes-prevention/genetics, 2015
3. American Cancer Society, “Cancer Facts & Figures 2015,” 2015