Term Life

Complete Cancer Care: Comprehensive Protection Throughout Your Cancer Journey

Did you know that 44 people are diagnosed with cancer every day in Singapore ? Or that 1 in 4 people may develop cancer in their lifetime ? These sobering statistics highlight the importance of being prepared for the unexpected. If you're looking for a comprehensive cancer protection plan, Complete Cancer Care by Income might be the solution you've been searching for.

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What is Complete Cancer Care?

Complete Cancer Care is a term life insurance plan designed to provide continuous support throughout the cancer journey, from diagnosis to recovery . It offers coverage for early, intermediate, and advanced stage major cancer, along with additional benefits to help ease the financial burden of cancer treatment.

Key Features That Set Complete Cancer Care Apart

Flexible Payout Options

Choose between two lump sum payout options: Care 50 and Care 100

Premium Waiver Benefit

Future premiums are waived for a specified period upon diagnosis of major cancer

Monthly Cancer Therapy Benefit

Receive monthly payouts for up to 24 months to help with cancer treatment expenses

Cancer Hospice Care Benefit

10% of the sum assured for hospice and palliative care

Guaranteed Renewal

Option to renew your policy every 10 years, up to age 84

Death Coverage

Protection in the event of accidental and non-accidental death

Guaranteed Post-Cancer Cover Option

First in Singapore to offer the option to purchase a new term plan for extra coverage upon diagnosis of advanced stage major cancer

Why compare Complete Cancer Care with other Term Life options through Whatins?

Traditional Approach

  • Limited term length options from one insurer
  • May push longer terms than needed

Whatins Advantage

  • Compare term lengths across multiple insurers
  • See how different term life insurance periods affect premiums
  • Understand renewal options across insurers
  • See competing term length justifications and determine which one is best for you

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

What Does Complete Cancer Care Cover?

Major Cancer Benefit

Care 50: Early or Intermediate Stage: 50% of sum assured. Advanced Stage: 50% of sum assured (if early/intermediate stage claim was paid) or 100% of sum assured (if no previous claim). Care 100: Early or Intermediate Stage: 100% of sum assured. Advanced Stage: 100% of sum assured (if no previous claim).

Premium Waiver Benefit

Care 50: Premiums waived for up to 60 months or till end of policy term (whichever is earlier) for early/intermediate stage; waived till end of policy term for advanced stage. Care 100: Premiums waived till end of policy term for any stage.

Monthly Cancer Therapy Benefit

Receive monthly payouts to help with cancer treatment costs: Early or Intermediate Stage: Up to 12 months. Advanced Stage: Up to 24 months. Care 50: 0.5% of sum assured per month. Care 100: 1% of sum assured per month.

Cancer Hospice Care Benefit

10% of sum assured upon admission to an inpatient hospice palliative care facility or engagement of home/day palliative care services

Death Benefit

Accidental Death: Up to 100% of sum assured. Non-accidental Death: $5,000 (before age 60) or $10,000 (age 60 and above)

How Much Coverage Can You Get?

The coverage amount depends on your chosen sum assured. For example, if you choose a sum assured of $100,000:

  • Major Cancer Benefit: Up to $100,000
  • Monthly Cancer Therapy Benefit: Up to $1,000 per month (Care 100) or $500 per month (Care 50)
  • Cancer Hospice Care Benefit: $10,000
  • Accidental Death Benefit: Up to $100,000

How Much Does It Cost?

The premiums for Complete Cancer Care depend on factors such as your age, smoking status, and chosen sum assured. For example:

  • A 35-year-old non-smoker with a sum assured of $150,000 (Care 100) might pay a monthly premium of $79
  • A 50-year-old non-smoker with a sum assured of $100,000 (Care 50) might pay a yearly premium of $772

Remember, these premiums are not guaranteed and may increase upon policy renewal.

Real-Life Scenarios

Early Stage Cancer Diagnosis

Jane, 45, is diagnosed with early-stage breast cancer: She receives a lump sum payout of $150,000 (Care 100). Her future premiums are waived till the end of the policy term. She receives $1,500 monthly for 12 months to help with treatment expenses.

Advanced Stage Cancer Diagnosis

Mr. Tan, 60, is diagnosed with advanced-stage lung cancer: He receives a lump sum payout of $100,000 (Care 50). His future premiums are waived till the end of the policy term. He receives $500 monthly for 24 months to help with treatment expenses. Upon admission to hospice care, he receives an additional $10,000.

Post-Cancer Coverage

After being diagnosed with advanced-stage cancer, a policyholder can choose to purchase a new term plan with death, terminal illness, and total and permanent disability (TPD) coverage, without further health assessment.

Unique Features of Complete Cancer Care

Coverage for Pre-existing Conditions

Even if you have non-cancer related medical conditions like diabetes or hypertension, you may still be eligible for coverage.

Guaranteed Post-Cancer Cover Option

This first-in-Singapore feature allows you to purchase a new term plan after an advanced stage cancer diagnosis, ensuring continued protection.

Comprehensive Cancer Treatment Coverage

The Monthly Cancer Therapy Benefit covers various treatments including cell, tissue or gene therapy, chemotherapy, hormonal therapy, immunotherapy, radiotherapy, and targeted therapy.

Long-term Protection

With guaranteed renewal every 10 years, you can potentially be covered up to age 84.

Pros and Cons

Pros

  • Comprehensive cancer coverage from early to advanced stages

  • Premium waiver upon cancer diagnosis

  • Monthly payouts to help with treatment expenses

  • Hospice care benefit

  • Guaranteed renewal option

  • Potential coverage for those with pre-existing conditions

  • Unique post-cancer cover option

Cons

  • Premiums may increase upon renewal

  • 90-day waiting period for cancer coverage

  • Limited to cancer-specific coverage (not a comprehensive health insurance plan)

Frequently Asked Questions

Can I get this plan if I have pre-existing conditions?

Yes, coverage may be provided even for those with existing non-cancer related medical conditions.

Is there a waiting period?

Yes, there's a 90-day waiting period from the cover start date.

Can I change my plan option later?

The plan option (Care 50 or Care 100) must be selected at policy inception and cannot be changed later.

What's not covered by this plan?

The plan doesn't cover cancer symptoms, investigations, or diagnoses that occur before or within 90 days from the cover start date.

How do I make a claim?

Contact Income as soon as possible after the cancer diagnosis. They will guide you through the claim process.

Conclusion

Complete Cancer Care offers a comprehensive solution for those seeking protection against the financial impact of cancer. With its flexible payout options, premium waiver benefit, and unique features like the guaranteed post-cancer cover option, it provides support throughout the entire cancer journey. However, as with any insurance decision, it's important to carefully consider your personal needs and financial situation before making a choice.

Remember, the best insurance is the one that gives you peace of mind and fits your specific circumstances. If you're considering Complete Cancer Care or any other cancer protection plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on cancer protection insurance. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your needs. Don't leave your protection to chance – get the expert advice you deserve today.

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