“A little over 1.8 million Americans will be diagnosed with some form of cancer in 2020 according to expert projections”Jesse Slome, director of the American Association for Critical Illness Insurance
Slome was citing the latest forecast from the American Cancer Society.
“The good news is that cancer is no longer a death sentence for many, in fact the chances of surviving a cancer diagnosis increases continually, but the same can’t be said for the finances of those individuals and their families,” the critical illness expert noted. “For many, the cancer diagnosis will end up in bankruptcy as a direct result of medical expenses. What surprises many is that even individuals who have health insurance find it’s just not enough.”
Slome shared that critical illness insurance polices available today can play a vital role in helping the millions who are financially impacted by a critical illness. Slome recently announced the relaunch of the Association’s efforts to create heighten consumer awareness and advocacy for the importance of critical illness products as part of their portfolio of protection products available to individuals.
Slome serves as director of the American Association for Critical Illness Insurance. In addition, he serves as director of the American Association for Medicare Supplement Insurance and the American Association for Long-Term Care Insurance.
A cancer diagnosis could cost you big time
Most people who are diagnosed will survive cancer. The same can not be said for their financial situation. Take 10 seconds to use our Critical Illness Cost Calculator. It will give you a pretty good estimate of what $10,000 of cancer insurance will cost you. You may be surprised how affordable this important protection will be.
For long-term care insurance quotes visit the American Association for Long-Term Care Insurance website. To find Medicare Insurance agents near you, visit the American Association for Medicare Supplement Insurance website.