A life insurer and foundation have joined forces to offer group insurance policies to help fight cancer.
Transamerica Life Insurance Co., San Francisco, and the Lance Armstrong Foundation, Austin, Tex., unveiled the TransamericaLivingStrong SurvivorPlan group cancer-only and group critical illness policies. The employee benefits combine insurance coverage with one-on-one support and other resources from the LiveStrong SurvivorCare program of the Lance Armstrong Foundation.
With the global costs of new cancer cases exceeding $300 billion in 2009, the collaboration will help make LiveStrong practical support services more readily accessible to those who need them, according to Transamerica.