As communicated by the Vancouver Sun, The Canadian Breast Cancer Network has announced a survey that "firmly places breast cancer as an economic as well as health issue. The survey further stated that 80% of the 400 women who took part in this survey stated that they had suffered some type of economic hardship because of the disease. It wasn't just loss of income while they were unable to work, but many other payments that led to financial problems. The Canadian Breast Cancer Network also said that these individuals and their families were being hit twice, once by the disease and once by economic issues.
The statistics showed that nearly half the women said they had to use savings and a quarter went into debt, many went onto disability or had to resign their jobs and 16% actually lost their jobs. "I had to leave my job because I knew that physically, I would be unable to continue it," Linda Glasier, who had been a nurse for 35 years, confessed to the Sun. Once she finished at the hospital, she also lost her group insurance benefits and had to resort to saved income to cope with the cost
As with many other individuals in the same position, using personal savings and going into debt does not have to be the only option. Critical Illness insurance covers many conditions, breast cancer is one of them, it will pay out a lump sum of money to you often within 30 days of being presented with the diagnosis. The funds are provided to cover the cost of your treatment and any out-of-pocket costs you may incur over the course of fighting many serious illnesses.
LSM Insurance works with over 13 different insurance carriers lots of them provide critical illness quotes to cover over 25 critical Illnesses.