Cancer Insurance Policies

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Questions and Answers

What is the maximum benefit amount that the policy can provide for heart attack and stroke?

  • $50,000
  • $75,000 (correct)
  • $100,000
  • $125,000

What is one of the benefits of the policy mentioned in the text?

  • It covers all medical expenses
  • It can provide peace of mind for families (correct)
  • It only covers in-network treatment costs
  • It guarantees a cure for cancer

What is the purpose of Ask Mayo Clinic Online support mentioned in the text?

  • To offer financial assistance for cancer patients
  • To provide emotional support for cancer patients
  • To provide medical treatment for cancer
  • To offer online support for cancer patients at no extra charge (correct)

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Study Notes

  • Cash benefits from the policy can be used for medical expenses, lost income, and other bills.
  • US death rates for cancer have decreased by 27%.
  • The policy can cover out-of-network or uncovered treatment costs.
  • The policy can provide peace of mind for families.
  • The policy can allow for extra time off work to recover.
  • Ask Mayo Clinic Online support is available at no extra charge.
  • 16.9 million people diagnosed with cancer have survived.
  • Cancer survivors often use savings or borrow money to pay for medical expenses.
  • The policy pays a lump sum benefit amount directly to the policyholder.
  • Benefit amounts range up to $75,000 for cancer and $75,000 for heart attack and stroke.

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