The PYCA-I Am You, Inc. will collaborate with My Family Insured Agency to provide life insurance to all cancer patients and all survivors who have no insurance and/or low income, to be used for funerals and burials. A session will be held to educate the cancer/survivors on what type of insurance is available, what is the premium cost, and how much insurance coverage the cancer patient/survivor would like to purchase. Sessions will be held on a monthly basis.
- Low income as defined by the US Department of Health & Human Services poverty guidelines is $16,240.00 per year for a family household size of 0-2, and the maximum is $41,320.00 for a family of 8. For each additional person in the household, $4,180.00 is added.
- The minimum coverage for Insurance policies is $10,000 whole life insurance. The maximum coverage is $100,000.00 whole life insurance.
- A patient chooses burial costs based on the amount of the life insurance that they have purchased. If burial costs are more than the insurance policy covers, then the family has to pick up the difference.