News Releases

GLENVIEW, Ill.--(BUSINESS WIRE)--Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and an ACE Group company, is proud to voice support for Breast Cancer Awareness Month. Breast cancer impacts thousands of U.S. women and families every year, both medically and financially. In addition to promoting recognition of breast cancer awareness, a team of Combined Insurance employees continue to fundraise for the 2015 ‘Strides Against Breast Cancer’ walk in Chicago on October 24, and Combined Insurance currently ranks in the top five companies leading the way in donations for this event.

According to the American Cancer Society, about 1 in 8 women in the U.S. will develop invasive breast cancer during their lifetime. Additionally, about 231,840 new cases of invasive breast cancer will be diagnosed in women this year. The most significant risk factors for breast cancer are gender and age.

“Breast cancer diagnosis, treatments, and post-treatment therapies can be lengthy and costly. This is why we want to remind women that choosing the right supplemental insurance plan can help cover out-of-pocket costs and provide peace of mind when they need it most,” said Jan Martin, Vice President, Product Innovation for Combined Insurance. “During a month when breast cancer is top of mind for many women in our communities, we also want to remind women to take the necessary steps to protect against the disease and to assess their insurance protection needs.”

Combined Insurance recognizes that while cancer survival rates have greatly improved in recent years, people should consider the need for cancer insurance to provide additional coverage beyond existing major medical insurance coverage.

“Many people find that they are not prepared when a life-threatening sickness strikes. Incurring excessive out-of-pocket costs and medical expenses can put significant financial strain on individuals and families,” said Holly Waldhoff, Director, New Business Expansion for Combined Insurance. “Over the years, I have seen the impact that a supplemental insurance plan has on a family to help cover out-of-pocket costs associated with major illness.”

Features and benefits to look for when considering purchasing a cancer insurance policy include:

• An insurance company with an established history, financial stability, and a high rating by insurance industry rating organizations
• A flexible plan that can be tailored to the needs of an individual or family
• A plan with guaranteed renewability for the principal insured’s lifetime
• A plan that provides for benefit payments to be made directly to the insured or insured’s designee
• No reduction in benefits, regardless of the insured’s age or number of claims previously paid

Founded in 1922 by W. Clement Stone, Combined Insurance has had a tradition of success in the insurance industry of over 90 years. In addition to the company’s A+ rating by the Better Business Bureau, it has an A+ (Superior) financial strength rating by A.M. Best, one of the world’s top insurance rating firms. The company has also been recognized for six consecutive years as a leading provider of supplemental insurance on Ward’s 50 Top Performing Health-Life Insurance Companies list.

About Combined Insurance

Combined Insurance Company of America is a leading provider of individual supplemental accident, disability, health, and life insurance products and an ACE Group company. With a field sales force and corporate staff in excess of 5,000 people worldwide, Combined Insurance meets the growing coverage needs of policyholders around the globe. For more information, call 1-800-490-1322 or visit www.combinedinsurance.com.

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About ACE

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.