Over the last several years, we’ve been able to really help a number of people with their insurance needs. Some people might consider this kind of work dry and unrewarding, but we find it to be exactly the opposite. The big majority of the time the results are positive. Of course, sometimes this work can be frustrating and not every ending is a happy one. There is often the reward that comes from having worked with a family to obtain for them coverage that has served them exceptionally well. Here are just a few examples:

John and Dee (East Texas)

Situation:
John worked full-time and had health insurance through his company Group Plan, which included Catastrophic coverage. Dee was self-employed making an attractive income.They were paying for their daughter to attend college full-time.

What we suggested and provided for them:

1. Supplemental Health Insurance. This provided “first-dollar” coverage up to the high deductible of their company Group Plan
2. Critical Illness Insurance. This pays cash directly to them in the event of a critical illness like cancer, heart attack, etc
3. Disability Insurance. This pays 2/3 of the current salary after a specified non-work period.
4. Term Life Insurance for both of them. Their premium is fixed for the term of the policy.(We used two different insurance carriers for these coverages because no carrier is the best at everything)

Here’s What happened
John was diagnosed with cancer, had surgery, and had to stop working for six (6) months to undergo treatments on an outpatient basis. He eventually returned to work, but only part-time. Dee had to reduce her workload to help take care of John. This situation greatly affected their income.

How our suggestions helped them:

• The Critical Illness Insurance paid them $10,000 in cash within two weeks of his cancer diagnosis – no strings attached and with no tax liability. This money helped to pay for travel expenses necessary for treatment, their car and truck payments, and college tuition for their daughter, etc. (Up to 40% of cancer treatment expenses are typically not covered by traditional health insurance)
• The Supplemental Insurance paid for all the various deductibles and co-pays because of the “first dollar” coverage. Plus, John and Dee received cash back for the overpayments made to the health providers (which happens a lot), rather than those funds being sent back to the insurance companies.
• The Disability Insurance began to pay 2/3 of John’s monthly salary (after the standard 30-day waiting period). This money made it possible for Dee to take time off from her business to care for John.Simply put, these policies provided cash when the family needed it the most, just like we had planned.

John has now fully recovered two years after his diagnosis, and has returned to work full time. Without the comprehensive and integrated plan of personal risk management that we recommended they purchase, they might have lost everything that they owned and their daughter might have lost her opportunity for a college degree. However, by proactively managing their personal risk factors, John, Dee and the rest of the family were able to focus on getting John healthy while living life as normally as possible.