Cancer insurance by Mutual of Omaha
Is Mutual of Omaha Cancer Insurance Worth It?
Professionals in the insurance industry are often torn on this topic, so the answer to this question is largely based on who you ask. Considering that health insurance policies today typically have a much larger out-of-pocket limit than policies did 10 years ago, more people are looking at these types of policies as a way to help offset out-of-pocket costs attached to their main health insurance, as well as other expenses not covered by health insurance.
Whether cancer insurance is worth it depends largely on the amount of risk you are willing to take.
What Does Mutual of Omaha Cancer Insurance Cover?
Cancer insurance can be used in a multiple of ways, from income replacement for time taken off work for treatment, the costs of treatments, or to keep your business running in the event of a cancer diagnosis. Depending on the policy you choose, you can either receive the payment in a lump sum upon diagnosis or submit claims based on treatment.
What Are the Benefits of Mutual of Omaha Cancer Insurance?
The main benefit of a cancer insurance policy is the ability to obtain a lump-sum payment in the event of a diagnosis of a covered condition that is almost guaranteed to be a financial burden. With Mutual of Omaha’s Cancer, Heart Attack & Stroke Insurance product, these benefits pay out to help prevent unnecessary financial stress on the family during this time.
How Much Does Mutual of Omaha Cancer Insurance Cost?
Mutual of Omaha offers you the ability to easily run a quote on its cancer insurance product on the company’s website. You can also choose whether you want just cancer insurance or coverage for heart attack and stroke, as well. These different options can change the price of the policy. However, the overall cost will be based largely on the amount of coverage you seek.
Example: The price quoted for a 37-year-old male in Alabama seeking cancer, heart attack, and stroke coverage was $22.45 per month, per the initial response of the company’s quote page.