answersLogoWhite

0


Best Answer

Life insurance makes a single payment to the designated beneficiary for the entire amount of insurance. It does not pay addidtional amount for hospital bills or such. Don't confuse life and health insurance. Generally the hospital cannot make any claim on the life insurance payment made to the benificiary. Some life insurance policies have provisions that can make payments directly to the insured for part of the life insurance if the disease is terminal. The payments are at the request of the insured to use in any manner they desire.

Answer

Depending on the insurance policy, a terminal patient may obtain funding to cover treatment while they are still alive. This is not a loan. After death, before the estate can pay out, the bills have to be paid.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will life insurance pay for cancer hospital bills?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you die without health insurance who pays the hospital bill Is the surviving spouse liable Can a lien be placed on life insurance proceeds?

That is the purpose of Life Insurance, to pay those bills and the cost of a funeral.


What types of life insurance does Stonebridge Life Insurance have?

Stonebridge Life insurance carries both term life and whole life insurances. In addition, they have accidental death insurance, and accident hospital insurance.


Is cancer covered by life insurance?

Yes


Getting life insurance after cancer?

There are some life insurance companies that may offer life insurance for cancer survivors. One way to find out is to contact a life insurance agent in your area (yellow pages) and ask if they have a contract with a firm that offers life insurance for cancer survivors. Also, there are guaranteed acceptance life insurance plans available from some carriers for people age 45-74, but the coverage is usually limited to $20,000. Another option is to request free life insurance quotes online from a life insurance quote service that has a network of insurance companies they can offer quotes through, some may provide coverage for cancer survivors. I believe the Hartford offers life insurance for men with prostate cancer, and women with breast cancer. I read about it in a 2006 article from Fox News.


Do you carry cancer insurance for aflac?

transamerica life settlement has a form for former cancer policyholders. Are you the same as aflac insurance?


Can you get a life insurance policy if you have terminal cancer?

yez


What services does Stonebridge Life Insurance Company offer?

The Stonebridge Life Insurance Company offers whole life and term insurance, accident and hospital coverage, accidental death insurance and dental insurance.


Will your life insurance with your children as beneficiaries pay for your medical bills if you die?

no


Which companies offer life insurance for cancer patients?

Most traditional life insurance companies don't offer insurance for cancer patients. Benefit House Insurance Services offers such services, but it may be worth it to investigate many insurance companies to see what the options are.


When a divorced father passes away and there's only a living will a small life insurance policy for the funeral and Daughter is made power of attorney is she responsible for remaining medical bill?

She is not responsible for the medical bill as long as the didn't sign at the hospital saying she was the responsible party. Was the daughter the beneficiary of the life insurance policy? If the beneficiary of the policy was the estate of the insured then the hospital can file a lien against the estate and life insurance to cover the medical bills. If the beneficiary was a funeral home to pay for a prearranged funeral then the hospital cannot attach the policy proceeds. If the beneficiary was the daughter directly then the hospital cannot claim the life insurance proceeds. However, this leaves the daughter with no obligation to use the entire amount for funeral arrangements.


Does accidental life ins pay on cancer?

Accidental life insurance only pays if you die by direct bodily injury and that no other prior or existing conditions contribute to your death. So accidental life insurance will not pay if you have cancer. Consumers should avoid getting this product at all cost and get traditional life insurance such as term life insurance that will pay no matter how you die.


What is the purpose for having life insurance?

the purpose in having life insurance is if you have a heart attack or anything like cancer if you have life insurance then you don't need to pay for the treatment , you get to have treatment right away because your insurance pays for the treatment