Jessica’s Story (Critical Illness: Breast Cancer)

Policy Amount $250,000

Critical Illness: Breast Cancer

Amount accelerated: $137,500

Remaining Death Benefit: $112,500

Jessica was diagnosed by her physician with breast cancer at age 48. She has a husband and two children. Prior to getting sick, they were both employed outside the home and both were very important to the house finances. After diagnosis, Jessica chooses to exercise her critical illness rider and receive a portion of her death benefit early. She plans to use the money to help the family cover her medical expenses as she recovers and make up for her husband’s lost income due to missed days at work while he cares for her.

Jessica and her husband decided to submit a claim on her American National policy. The offer, which was in part based upon severity of illness and life expectancy, came out to $112,500. Jessica had an additional $112,500 left on her policy and her new policy payment was adjusted to reflect the remaining benefit.

In the case of another diagnosis in the future, Jessica has the ability to accelerate additional death benefit for any purpose needed

These are just a few of the many situations where living Benefits was the difference between surviving and potential financial disaster. In many cases both spouses suffer lost income when the other becomes critically ill.