Cancer, heart attack, and stroke are some of the most common major health concerns that we face as a nation. When you take a moment to reflect, it doesn’t take long to recall a friend, neighbor, or even a family member who has experienced one of these health issues. While these health issues certainly take a physical toll, they also often present a substantial financial burden. Nearly 60 percent of expenses associated with a major illness are not directly related to medical expenses that would be covered by most health insurance plans — things like lost wages, child care costs, and increased transportation expenses. These extra, unplanned expenses are what Platinum Supplemental Insurance products are specifically designed to offset. Our polices are designed to pay you directly if you or any other covered individual in your family experiences one of these major illnesses.
Cancer, heart, and stroke insurance policies can cover many unforeseen costs. Most people do not understand that some insurance plans do not have added-in protection for these types of situations. When people are not aware of this, they cannot know they need to be protected. Making sure your client understands the risks of these type of situations is important, so they can understand if they need to get this type of insurance.
Stroke kills almost 130,000 Americans each year. That is 1 out of 20 deaths. On average, one American dies from stroke every 4 minutes. About 87% of all strokes are ischemic strokes, which is when blood flow to the brain is blocked. Stroke costs the United States an estimated $34 billion each year.
About 610,000 people die of heart disease in the United States every year—that’s 1 in every 4 deaths. Heart disease is the leading cause of death for both men and women. Every year about 735,000 Americans have a heart attack. Of these, 210,000 Americans have already suffered a heart attack before.
Having a extra policy that covers cancer, heart, and stroke does not always cover all the costs. There might be some gaps in between the clients original health insurance and the extra insurance. Thought there might be gaps this will still help in not putting all the cost on the client. Make sure they know all their options.
- According to the American Cancer Society’s “Cancer Facts & Figures 2015” report, men in the U.S. have a 1 in 2 chance of developing some form of cancer during their lifetimes, and a 1 in 4 chance of dying from it
- American women, on the other hand, have a 1 in 3 chance of developing cancer within their lifetimes, and a 1 in 5 chance of dying from it
- Also, it’s expected that just over 1.6 million new cancer cases will be diagnosed this year, and that nearly 600,000 people in the U.S. will die of cancer during 2015