by Life Credit Company | Sep 23, 2015 | Cancer Research & News
Headquartered in Memphis, TN, St. Jude Children’s Research Hospital has been providing treatments and research for children with cancer and other catastrophic ailments nationwide since 1962. Danny Thomas launched the nonprofit medical institution on the premise that “no child should die in the dawn of life.” Over 50 Years of Dedication Here at Life Credit, we want to not only supply loans for cancer patients, but also endless amounts of research and info to help you fight your condition and lead a full and happy life. That is why we highly recommend visiting the St. Jude website if you have a child in your life that was diagnosed with cancer. For more than half a century, the dedicated professionals at St. Jude Children’s Research Hospital have been on an endless quest for the cure. They provide numerous clinical and research innovations, such as their Pediatric Cancer Genome Project, which has successfully pinpointed the genetic factors behind some of the most deadly pediatric cancers by comparing the genomes from cancerous and normal cells from more than 700 patients. Endless Treatment Programs St. Jude features a plethora of treatment programs for virtually every type of pediatric cancer including brain tumors, solid tumors, Leukemia and Lymphoma, bone marrow transplant and other types of diseases, such as Sickle Cell Disease and blood disorders. Innovation and Intervention Many discoveries at St. Jude Children’s Research Hospital have completely transformed how doctors treat kids with cancer and other deadly disease. Since it was established, the survival rate for acute lymphoblastic leukemia, which is the most predominant cancer in children, has increased from just 4 percent in 1962...
by Life Credit Company | Jan 22, 2015 | Financial Assistance for Cancer Patients
All loans for cancer patients are not the same. Just like understanding the different types of cancer treatments, knowing how different loans work will help you choose what’s best for you. Facing One Common Problem Although the types of cancer vary, the vast majority of them do share one problem: huge medical bills and other financial needs brought on by the disease. Those needs can be wide ranging, such as spending money to cross something off a bucket list to paying for basic living expenses. Each person and their needs are unique. There are many sources of financial support, from networks of family, friends and relatives, to investments to fund raisers. We’ve discussed some of these in past blogs, and you probably know we specialize in loans on life insurance. The Viatical Settlement The American Cancer Society notes that there are several ways to access money in a life insurance policy. One is the viatical, or life settlement. This is the sale of a life insurance policy when the insured person (or viator) is not expected to live very long. The holder gets a lump sum cash payment, after having their estimated life expectancy certified by a doctor. That life expectancy can be as long as several years. But the length of life expected has an impact on the value of the policy, which is usually sold for anywhere from 30% to 80% of its face value. The downside is that the entire death benefit goes to whoever purchases the policy, cutting out beneficiaries. Loans on Life Insurance We offer loans structured in very specific ways, focused on the...
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