Aetna accounts for the majority of the Cancer Insurance we write here at New Horizons. Their rock solid lump sum plan is easy to explain, affordable, and the underwriting couldn't be easier.
When you choose your benefit amount and sign up for the Aetna cancer plan, you're guaranteeing that as soon as you receive a first cancer diagnosis, Aetna will write you a check for that amount.
The Cancer and Heart Attack or Stroke Plus plan (our most popular plan from Aetna) is offered in all states except California, Indiana, Kansas, Maryland, Minnesota, New Mexico, Utah, Virginia, and Vermont.
In these states where the Plus plan is not offered, the regular Cancer and Heart Attack or Stroke is available.
If you're often dealing with those between the ages of 65-69, it's easy to just think of the Aetna benefit amounts as ~$30 for every $10,000 of benefit. That allows you to do some quick math when you need to.
The two most common riders or plan additions would be for heart attack and stroke.
Let's take a look at Aetna's Cancer and Heart Attack or Stroke plan. Adding on heart attack or stroke coverage doesn't change the plan at all other than the lump sum benefit will now also come into effect upon a medical diagnosis of a heart attack or stroke.
The pricing is obviously a little higher for the extra coverage, so let's take a look at how the added coverage compares to just the cancer plan.
A recurrence benefit essentially allows the policyholder to be paid over and over again every time they get cancer.
Aetna has another cancer plan called "Cancer Plus Insurance Plan" that offers this recurrence benefit. The way it works with this plan is once you're first diagnosed with cancer, you're paid your full lump sum benefit.
And if you want to be covered in case the cancer returns, the recurrence benefit is payable as long as medical advice or treatment hasn't been received for at least 2 years from the date of the last cancer diagnosis.
The amount you receive with the recurrence benefit is on a sliding scale based on how much time passed since the last cancer diagnosis:
Aetna has created a consumer mailer and a consumer postcard that are available for agents in the agent portal.
Just fill in the fillable fields as indicated on each pdf (or you can leave blank) and then print.
Read The Ultimate Guide to Selling Cancer Insurance to Seniors, and you'll not only get full explanations for all the stats on this handout, but you'll learn how to bring up the conversation, what company you should sell, and everything in between.
You may also like the "Why Is Cancer Insurance Important?" Client Handout.