Financial Help for Cancer Patients is Here

Learn about financial help for cancer patients, life insurance loans, borrowing against your life insurance death benefit, viatical settlements, and many other topics. Life Credit Company thrives on being your resource when it comes to financial help for cancer patients.

5 Things to Check Before Borrowing From a Life Insurance Policy

If you’ve found yourself in a financial bind because of crippling medical debt, you’re not alone: Financial side effects can be just as serious and severe as physical ones when it comes to life-threatening conditions like cancer. Many cancer patients are in need of quick cash to pay down mounting medical bills, prompting some to cash in or borrow against their life insurance policy. While this is an option for many, there are a number of factors to consider first. Here are 5 things to check before borrowing from a life insurance policy: 1. Will your death benefit be affected? No one wants to leave their loved ones unprotected after they pass, so it’s important to understand how a loan against your life insurance may impact the death benefit you’ve likely long invested in for your beneficiaries. 2. Is there an opportunity cost? Lenders may sneak in a number of added fees, such as this one that refers to the difference between the amount your invested premiums were earning and the amount of interest you’ll be paying. 3. Understand the interest rates. Most life insurance loans range from 5% to 8% interest rate, and it is compounded—meaning you’ll essentially be paying interest on your interest, which might be a deterrent for some individuals in the long term. 4. Calculate your actual payments—and your ability to make them. Factor in interest and determine just how much you’ll be paying back on the loan, and for how long. Add in other expenses and weigh this against your income to determine if borrowing against the policy is a feasible financial decision. 5.... read more

What are the top cancer hospitals in the US?

Selecting your oncology team is one of the first and most challenging tasks every cancer patient faces. Working with a skilled and highly trained team of professionals is vital for many patients, yet they often are faced with a lengthy list of potential healthcare facilities, without knowing what are the top cancer hospitals in the US. One way to narrow down the choices is by considering the most highly regarded health facilities, such as those included on the prestigious U.S. World & News Report’s list of the nation’s top hospitals. Ten Excellent Cancer Hospitals Every year, the publication considers nearly 5,000 healthcare facilities for the honor. They ultimately name 50 top centers, including 10 specializing in cancer care, all of which have met the National Cancer Institute’s designation for standard of care. These are the leading cancer hospitals to keep on your radar if you’re looking for a well-respected facility for your care: Johns Hopkins Hospital: One of the most well-known healthcare facilities in the county has a cancer center based in Baltimore. M.D. Anderson Cancer Center: Based in Houston, Texas, the center is one of the nation’s first comprehensive cancer-treatment facilities, treating more than 135,000 people every year. Seattle Cancer Alliance: This organization specializes in prostate and gynecological cancers, delivering both inpatient and outpatient treatments. Memorial Sloan-Kettering Hospital: This New York City nonprofit has a number of specialty programs and satellite locations throughout New York and New Jersey. H. Lee Moffitt Cancer Center: The Florida-based nonprofit is considered to have one of the nation’s most leading-edge cancer facilities. Penn Presbyterian Medical Center: Operating out of Philadelphia’s University of... read more

How Can I Help a Cancer Patient’s Caregiver?

Caregiving comes in many forms: nurturing a child, aiding an elderly parent through his or her final years or serving as a valuable support system to someone grappling with a serious illness. While all types of caregiving come with both their own pressures and rewards, the latter is often the most unknown and least often talked about—yet it can carry with it some of the greatest challenges. Cancer is among the many medical conditions that often necessitate a caregiver stepping in to help—with countless medical appointments, treatments, side effects and an overall major disruption to one’s routine, cancer patients often need all the help they can get. But, caregivers do as well. If you have someone in this role in your life and have wondered, “how can I help a cancer patient’s caregiver?” then this is the best time to ask that question. November is National Family Caregivers Month, a time when those who provided this valuable service are given just a fraction of the recognition they deserve. Apart from thanking the caregivers in your life, this is a good opportunity to also give them a bit more—as resources, knowledge, and support can be a lifesaving help for those who do so much to help others. 3 ways to give back to a cancer patient’s caregiver Introduce them to support groups: The American Cancer Society operates a comprehensive database of support groups for cancer caregivers. Connect them to these valuable resources so they can meet others with similar experiences. Research respite and adult care: Though many don’t realize it, cancer caregivers can and should take a break. Caring for... read more

Creating a Plan After a Cancer Diagnosis  

Planning is essential for any major life experience: going to college, buying a house, having a baby. The same can be said for a cancer diagnosis. Preparing and staying organized before for cancer treatment is often overlooked yet a highly essential component of a person’s journey through and beyond cancer. From the day a diagnosis is delivered to the moment the news of remission comes, having a cancer care plan can make each step a bit easier. How do I prepare for cancer treatment? Proactively consider the different areas of your life that will be changed by your diagnosis, and then explore the options and opportunities that exist within each to make those changes more manageable. A personalized cancer care plan should include: Treatment:  Among the most important aspects of a cancer care plan is treatment. This portion of the strategy should include research about healthcare facilities, physicians and different treatments available. Patients should education themselves about the most common types of cancer treatment, including the costs, side effects and recovery times. Finances:  A personal cancer care plan should address the patient’s overall financial picture, including estimated costs for treatments, co-pays, and other medical expenses. If you are looking for financial assistance and loans that cover medical expenses, contact Life Credit for immediate assistance at 1-888-274-1777 Caregiving:  Cancer can interrupt daily responsibilities, such as caring for children or elderly parents. A cancer care plan can address how those obligations will be handled during a patient’s treatment and recovery, including rotating schedules of family and friends willing to pitch in and a rundown of the daily responsibilities related to each caregiving relationship.Cancer patients may find that in... read more

How Can I Help with Cancer Research?

As cancer continues to ravage countless lives around the globe, you may find yourself asking, “How can I help cancer research?” Patients with cancer are part of a worldwide community and investing in efforts to make that community smaller year by year can help those fighting their personal battle feel a bit more empowered and inspired. Here are a few ways that cancer patients, along with their loved ones, can support cancer research: Donate tissue: To really understand the root causes of cancer, researchers need to see the disease in action, and one of the best ways to do that is through live tissue. Agencies like the National Cancer Institute run large-scale research studies to which patients can donate tissue. Healthy tissue may also sometimes be needed, so family and friends of those fighting cancer should also explore this option. Organize a penny drive: A penny may not seem like much in the grand scheme of the need for money for cancer patients, but every cent counts. A penny drive in your neighborhood, through a child’s athletic group or at a local business can be a good way for the entire community of supporters surrounding a patient to do their part to give back. Take part in a research study: Clinical trials are going on every day around the country as researchers look for innovative ways to fuse science and technology in the fight against cancer. Anyone considering participating in a research study should consult with their oncologist first, as well as explore frequently asked questions and considerations, such as those provided by the Cancer Research Institute. Life Credit Loans for Cancer... read more

5 Facts About Lung Cancer

Because of its commonly known association with smoking, lung cancer is likely one of the forms of the disease that most people could point to when they hear the word “cancer.” However, that doesn’t mean the public’s awareness about the condition is complete, or correct. Understanding the full extent of the risk factors, symptoms and treatments can help make all of us better informed and prepared should a diagnosis hit close to home. Beyond the 5 facts about lung cancer listed below, there are countless other nuances to the disease, so, should you find your own life impacted by lung cancer, it’s important to do your research and educate yourself. 5 Facts About Lung Cancer Lung cancer is the second most common type of cancer. More than 1.8 million people around the world are diagnosed with lung cancer each year, including 222,500 Americans. It follows only breast cancer in the number of people affected. It has higher fatality rates than many other types of cancer. Nearly 160,000 people die of lung cancer each year—more than the rates for colon, breast and prostate cancers combined. Smoking is the leading — but not only — risk factor. Smoking cigarettes drastically increases your chances for contracting the disease, as does smoking cigars, pipes, and hookahs. However, up to 15% of lung cancer patients are non-smokers, with other risk factors including secondhand smoke, carcinogen exposure, and genetic mutations. There are four primary forms of lung cancer. The vast majority of cases are considered non-small cell lung cancer, while other forms include small cell lung cancer, mesothelioma, and carcinoid tumors. A registry exists for... read more