Selling Cancer Insurance should be a part of every agent’s offerings to their client. Cancer is the 2nd leading cause of death in the US right behind heart disease. According to the American Cancer Society, approximately 40% of men and 39% of women will develop cancer over their lifetime. While Medicare or other health insurance plans have coverage for the expenses related to diagnosing and treating cancer, most still leave many coverage gaps that can have a substantial impact on a client’s finances.
Types of Cancer Insurance
There are two primary types of cancer insurance, traditional and a “Lump Sum” cash benefit. These plans can be structured in different ways. An expense-incurred plan will pay out a percentage of treatment costs up to a certain dollar amount. An Indemnity policy pays a fixed amount for each benefit outlined in your policy. GTL’s Precision Care policy is a perfect example of a “Lump Sum’ policy. They offer a good base policy along with offering additional riders for maximum coverage and genome sequencing included. If you are not currently contracted with GTL reach out to your marketer at Pinnacle and they can get you ready to sell right away.
Cancer Insurance Made Easy
Here at Pinnacle, we have an array of tools that make selling these plans very simple. Form our online quoting tools to the wealth of information we make accessible to the agents who partner with us. Cancer insurance has unfortunately become a necessity to most health insurance agents and the clients they serve. The carriers we represent here at Pinnacle also have their individual quoting and enrollment tools that offer cancer plans.
As a one-stop-shop for agents working in the senior market, we prioritize showing the agents the importance of having these plans as part of their portfolio. Please reach out to your Pinnacle sales team so we can set you up with the carriers that cater to individuals in your selling area. We can be reached at 1-800-772-6881 x7731 or Sales@pfsinsurance.com.
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