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Cancer Insurance
Lump sum cancer insurance pays a benefit up to $100,000 upon the diagnosis of metastatic cancer and can be used any way the insured person desires.
11 of the 12 new cancer drugs approved in 2012 cost more than $100,000 per year.
The Economist; January 4, 2014; Hard Pills To Swallow; page 46
Whether medical insurance will cover such treatments is increasingly in doubt, especially for private plans.
NPR; Insurers Cover Fewer Drugs, Leaving Some Patients Struggling To Get Needed Treatments; March 16, 2020; reference to Good Rx
Lost income is often the biggest financial impact of a critical illness.
MetLife Accident and Critical Illness Impact Study, October 2013
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