Jim’s Story (Critical Illness: Heart Attack)

Policy Amount $325,384

Critical Illness: Heart Attack

Amount accelerated: $69,840.37

Remaining Death Benefit: $255,903

In 2014, Jim suffered a heart attack and over the course of the next three months suffered seven additional heart attacks. Jim was diagnosed with Multivessel Coronary Artery Disease in which three of the epicedial coronary arteries were involved with atherosclerosis of significant severity.

Jim was unable to work currently and Millie was afraid to leave him for fear he could have another heart attack and die. Millie remembered that their advisor had told them their policy had living benefits called Accelerated Benefit Riders for Critical, Chronic and Terminal illness. They made a claim under their American National IUL policy.

As bills stacked up, Millie’s paychecks became smaller, and Jim’s paycheck ceased, as his employer was small and did not have any disability insurance. At claim, the American National doctor found that although Jim was sick he had a 20 year life expectancy if he controlled his condition with medication. The offer, which was in part based upon his life expectancy, came out to $69,840.37

Jim and Millie had a cushion to recover financially while Jim focused on getting healthier. A traditional life insurance policy would have been another bill to pay while experiencing this difficult time financially.