Cancer survival rates have increased in recent years.
This is due to both improvements in treatments as well as improved diagnostics. Especially with more people diagnosed earlier, the survival rates are going up. This leaves plenty of reason to be hopeful with a cancer diagnosis.
Still, paying for cancer treatments is costly.
How do people pay for cancer treatments especially for things insurance doesn’t cover? In our experience, about 20% of our clients are seeking additional funds to help cover the cost of cancer treatments.
Even with increased survival rates, the rising cost to fight cancer is often overwhelming for families. Health insurance won’t cover everything. In particular, most insurance companies won’t cover things like non-conventional treatments, cancer diets, or needed supplements. With funds to pay for the treatment you prefer, you can be sure you’re fighting a strong battle against cancer and minimizing the cost to you and your family.
The majority of Americans have life insurance. That life insurance policy should be considered a valuable asset during times like these. Qualified policies, like the ones held by most cancer patients, can be sold for more than the ‘surrender value’. If this is news to you, you’re not alone.
The process of selling your life insurance policy is called a life settlement, an often-overlooked financial opportunity. It’s reported that only about 4 out of 10 financial advisors are familiar with the life settlement market.
You may have a good understanding of what your health insurance covers. Still, 24% of cancer patients and survivors have reported receiving at least one surprise medical bill. This mostly happens when a patient is unknowingly treated by an out-of-network provider.
According to a 2019 survey, 63% of cancer patients reported financial struggles following a cancer diagnosis. Generally, the cost of cancer treatments is significantly higher than the average person’s monthly income. Monthly expenses can include:
There are additional expenses to consider such as:
By selling a life insurance policy for cash, a cancer patient can be ready for the unexpected medical bills that are surely to come.
Many times, a cancer patient will decide on a treatment plan based on what their health insurance will cover. This happens even when the patient would prefer another treatment plan or a supplemental plan.
Options to consider include both conventional and nonconventional treatments. However, health insurance usually doesn’t cover nonconventional cancer treatments. This leaves many patients in a tough financial situation.
Life settlements can help fund conventional and non-conventional treatments. As a result, patients can get the treatment that they believe is best.
Some insurance companies will pay for alternative treatment options. At least, they may partially fund them so you’re paying a discounted rate. Still, even the best insurance doesn’t cover everything, especially some of these unconventional methods.
Immunotherapy is when you stimulate or boost the patient’s immune system. This works better for some types of cancers than others. It’s often used with other forms of treatment simultaneously. This immunotherapy method can cost around $100,000.00.
Homeopathic treatments for cancer patients is a topic of much debate and even controversy. It’s reported that many patients would likely use some kind of complementary or alternative treatment if it were covered by their insurance company. While many insurance companies cover a few services under certain circumstances, most homeopathic treatments are not covered. Even with more clinical studies showing improved health from “CAM” treatments, patients are still often forced to pay for it out of their own pocket.
Gerson Therapy was developed with the idea that the body can heal itself when in the right conditions. Patients use an organic plant-based diet, raw juices, coffee enemas, and natural supplements to achieve the optimal conditions for fighting cancer naturally. Even though many cancer patients that were given a terminal diagnosis have beaten cancer using this method, health insurance companies do not cover this form of therapy.
Gerson Therapy at the Gerson Institute can cost $15,000 dollars just to start. It also requires the patient to follow a strict nutritional regimen for two years that can be costly. The patient will have a significantly more expensive lifestyle.
Regardless of which path you choose, selling a life insurance policy for cash can make all of these options obtainable. In our experience, being able to place funds from a life settlement in a cancer patient’s hands is extremely rewarding.
We’re available Monday-Friday 9am-5pm CT to discuss your options.
© 2025 Windsor Life Settlements, LLC. All rights reserved.