Cancer is a devastating disease that can affect anyone at any time. According to the American Cancer Society, more than 1.9 million new cancer cases are expected to be diagnosed in the United States in 2021.
If you or a loved one are diagnosed with cancer, you may face not only physical and emotional challenges, but also financial hardships.
That’s why having cancer insurance can be a lifesaver. In this post, we will explain what cancer insurance is, how it works, and why you should consider Allstate cancer insurance as one of your options.
What is Cancer Insurance?
Cancer insurance is a type of supplemental insurance that pays you a lump sum or a series of payments if you are diagnosed with a covered type of cancer or other specified disease.
Unlike health insurance, which covers your medical expenses and bills, cancer insurance gives you cash that you can use for any purpose, such as paying for deductibles, co-pays, out-of-pocket costs, travel expenses, household bills, or living expenses.
Cancer insurance can help you reduce the financial stress and burden that comes with a cancer diagnosis and treatment, and allow you to focus on your recovery and well-being.
Benefits and features of Allstate Cancer Insurance
Some of the benefits and features of Allstate cancer insurance are:
Flexible Coverage: Tailor your Allstate cancer insurance to your specific needs, with coverage options ranging from $10,000 to $100,000.
Enhance your plan with optional riders like hospitalization, intensive care, radiation, chemotherapy, surgery, or wellness benefits.
Guaranteed Acceptance: Easily secure Allstate cancer insurance without medical exams, available for ages 18 to 64, including spouses and eligible children.
Affordable Premiums: Access Allstate cancer insurance for as low as $20 per month, with rates influenced by age, gender, and coverage amount.
Stabilize your premium rate throughout your policy’s duration by timely payment and plan consistency.
Cash Benefits: Receive cash benefits in a lump sum or installments, adaptable to your plan and diagnosis.
Utilize these benefits at your discretion, whether for medical expenses, non-medical costs, or future savings. Enjoy direct receipt of cash benefits, unaffected by health insurance or employer involvement.
Tax Benefits: Reap tax advantages with Allstate cancer insurance, as cash benefits are typically non-taxable unless surpassing actual expenses.
Deduct premiums from your taxable income when itemizing deductions and meeting specific criteria.
Allstate Cancer Insurance cost
The costs depend on factors like age, gender, coverage amount, plan type, and optional riders.
State regulations also influence pricing. Here are sample monthly premiums for a 40-year-old male, from the online quote tool:
| Coverage Amount | Plan Type | Riders | Cost |
|---|---|---|---|
| $10,000 | Basic | No | $19.95 |
| $25,000 | Basic | No | $29.95 |
| $50,000 | Basic | No | $49.95 |
| $100,000 | Basic | No | $89.95 |
| $10,000 | Enhanced | No | $24.95 |
| $25,000 | Enhanced | No | $39.95 |
| $50,000 | Enhanced | No | $69.95 |
| $100,000 | Enhanced | No | $129.95 |
These are only estimates and may not reflect the actual cost of your Allstate cancer insurance. The actual cost of your Allstate cancer insurance may be higher or lower, depending on your personal and medical information, your location, and your plan details.
How to get a quote
Getting a quote for Allstate cancer insurance is easy and fast. You can get a quote online, by phone, or by using the Allstate mobile app. Here is how each option works:
- Online: Visit the Allstate website, enter your zip code, and complete the “Get a Quote” process. Provide personal details, answer health-related questions, and view your quote.
Adjust coverage options, compare plans, and apply online or request a call from an agent for assistance.
- Phone: Call Allstate at 1-800-255-7828 to speak with a licensed agent. Provide the necessary information, verify identity, and receive your quote over the phone.
Adjust and compare coverage options, apply over the phone, or request a mail-in application.
- Mobile App: Download the Allstate mobile app, log in, and access the Cancer Insurance section.
Complete the “Get a Quote” process, provide required details, and view your quote on the app. Compare options, adjust coverage, and apply through the app or request assistance from an agent.
Cancer Insurance policy
Allstate establishes a cancer insurance policy as a binding agreement between you and the company, delineating coverage terms, benefits, exclusions, limitations, and responsibilities.
Understanding your rights and obligations is crucial, and regular policy reviews ensure its continued alignment with your needs.
Key sections of your policy include:
- Declarations Page: This initial page displays personal and policy details like your name, address, policy number, coverage amount, premium, and effective date.
- Definitions: This section clarifies the meanings of vital terms in your policy, such as cancer, specified disease, covered person, diagnosis, benefit, and rider.
- Benefits: Describing your entitlements, this section outlines benefits like lump sums, payment series, wellness benefits, and optional riders.
- Exclusions: Enumerating uncovered scenarios, this section specifies situations like pre-existing conditions, non-covered cancer types, non-medical expenses, and fraudulent claims.
- Limitations: Detailing restrictions, this section outlines elements such as waiting periods, elimination periods, maximum benefits, and proof of loss requirements.
- Obligations: Outlining mutual duties, this section articulates responsibilities like premium payments, notifying Allstate of changes, filing claims, cooperating, and dispute resolution.
Claiming process
Allstate cancer insurance, a supplemental insurance type, disburses cash benefits for covered cancer diagnoses and treatments.
To initiate a claim, select the corresponding claim form, send it via mail or fax to the specified address or number on the form.
Submission of supporting documents, including medical records, bills, receipts, and proof of diagnosis, is also required.
The claim approval time varies based on claim type, information completeness, and claim volume received.
Monitor claim status conveniently online through My Account or the Allstate mobile app. For additional details, explore the Claims Help Center or reach out to Allstate customer service at 1-800-521-3535.
Coverage specifics
Policy exclusions: No coverage for pre-existing conditions, intentional injuries, suicide, war, felony, riot, insurrection, or active military duty.
Coverage limits: Benefits determined by a schedule for covered diagnoses, procedures, or items with no deductible.
The policy may also impose a lifetime maximum benefit amount limiting the total benefits payable.
Deductibles: The policy operates without deductibles, ensuring benefits are paid from the first dollar of covered expenses.
Add-ons or riders: Optional benefits enhancing coverage, such as a wellness benefit covering routine screenings, an intensive care benefit for ICU treatment, and a recurrence benefit for subsequent cancer or specified disease diagnoses, may be offered under the policy.
Allstate contact details
| Category | Information |
|---|---|
| Phone Number | 1-800-521-3535 (Monday to Friday, 8 a.m. to 8 p.m. ET) |
| Address | 1776 American Heritage Life Drive, Jacksonville, FL 32224 |
| Customer Service | Online form on the website (Name, email, phone number, policy number, brief message) |
| Policy Details | Cancer insurance covering hospital stays, treatments, medications, prosthesis, and wellness benefits. Portable. |
| Email Address | Use the online form or find local agent’s email via the agent locator tool on the website. |
| Fax Number | 1-866-424-2162 |
| Operating Hours | Monday to Friday, 8 a.m. to 8 p.m. ET |
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