by Life Credit Company | Nov 20, 2018 | Financial Assistance for Cancer Patients
Financial assistance is most often associated with college tuition, but it’s also available for another very costly time in one’s life: a cancer diagnosis. From life insurance loans for cancer patients to initiatives that help patients with everyday expenses, there are a number of programs available to alleviate the financial burden that most cancer patients face. Here are a few of the options cancer patients can consider when looking to get their finances on the right track—so their health can follow: · Cancer Financial Assistance Coalition: If you’re looking for a broad overview of the different options available, Cancer Financial Assistance Coalition’s website provides ample information. Users can sort through programs for people with varying needs, from meal-delivery services to wish-fulfillment initiatives. Life insurance loans for cancer patients: Not all life insurance policies allow holders to draw on their value; policies usually must meet certain requirements, and patients often have to have a terminal prognosis. Instead, Life Credit’s Living Benefit Loans program allows policyholders with at least $75,000 in any type of life insurance to borrow up to 50 percent of the policy’s death benefit, which is often released in just days and can be used to cover a range of costs. Life Credit Company provides Living Benefit Loans to those who need it. Follow Life Credit’s simple 3 step process to financial assistance for cancer patients. Local-level programs: While many large national agencies offer resources, there are also local efforts across the country. The American Cancer Society and United Way, for instance, each enable patients to search for individualized services tailored to their geographic locations. Condition-based efforts: People...
by Life Credit Company | Nov 14, 2018 | Financial Assistance for Cancer Patients
An early diagnosis and expert treatment are both keys to recovering from prostate cancer. Another often overlooked element of this journey is financial help for prostate cancer patients, which can assist them in receiving proper care and reducing stress—which can take a toll on one’s mental and physical health. Prostate cancer is a very survivable disease, but intervention usually involves surgery or even a series of surgeries combined with other therapies like radiation treatment. Costs vary widely and often depend on insurance and diagnosis, but a recent study by the University of California San Francisco found that one surgery for low-risk prostate cancer can cost more than $19,000, with a high-risk treatment averaging around $50,000. So, what financial help for prostate cancer patients is available? There are a number of options, such as the American Cancer Society’s wide-ranging resources for patients with varying types of cancer, including prostate. Cancer Care also offers individual condition-based financial resources, along with counseling and other assistance programs. There are also options for patients to access their own resources, such as through Life Credit’s Living Benefit Loans program. Patients with at least $75,000 in life insurance are eligible to receive up to half of their policy’s death benefit, which can be used as financial help for prostate cancer and those with other conditions. Borrowing against their own life insurance enables patients to access funds into which they’ve already paid quickly and easily, and to regain full ownership of the policy once the loan is repaid. Financial help for prostate cancer can be a significant contributor to one’s future health, as patients—even those who are...
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