Treating your cancer can be very expensive. It’s often a challenge to keep up with the additional costs you or a loved one may experience after being diagnosed. According to a recent NBC News story, “Multiple studies have shown that cancer patients and survivors are at risk for facing treatment-related financial burden, with a small minority at risk for extreme burden in the form of personal bankruptcy,” Dr. Yousuf Zafar of Duke Cancer Institute. Many people facing late-stage cancer have to delay much needed life-extending treatments because the cost can be more than they can afford.
Additionally, studies have shown that bankruptcy rates are nearly double among cancer patients within the first year of diagnosis. Often, individuals facing cancer can’t afford the premiums on their life insurance policy due to rising medical costs and loss of income. A lapse or surrender of a valuable life insurance policy at this important time can be devastating. Many people are unaware that there are alternatives to lapsing a policy for people facing a life-threatening illness.
Since 2004, the professionals at Abacus have helped thousands of individuals sell their life insurance to help pay for medical and long-term care needs. Find out if you qualify after a single 15-minute, obligation-free phone call. Contact Shawn Petrunak at 407-988-1007 or qualify your policy online using our One-Step Life Settlement Qualifier.