Albert’s Story (Critical Illness: Lung Cancer)

Policy Amount $100,000

Critical Illness: Lung Cancer

Amount accelerated: $50,000

Remaining Death Benefit: $50,000

Albert became sick and visited his doctor. After his initial blood tests, his doctor referred him to a lung cancer specialist who, after many tests, found that Albert had Stage IV non-small cell lung cancer that had spread to other parts of his body. Albert began aggressive Chemo Therapy and began missing work due to the extreme fatigue and sickness. As a result, money was infrequent and medical bills piled up. In addition to the home and medical bills, the truck payment and insurance were due each month.

His wife contacted the advisor who had sold them the term life insurance policy. Their advisor suggested that with Albert’s current condition, they should consider submitting a claim for an acceleration of the life insurance death benefit under the Accelerated Benefit Rider for Critical Illness on their Term policy. He discussed their needs and they submitted a claim for an acceleration of 50% on their $100,000 policy.

Albert and his wife now had the resources to provide Albert with the best medical care possible. Without living benefits, they may have had to liquated important assets to have the money available to financially survive.