American National Term Life Insurance
The Power of Living Benefits
Bonnie Thomas- $234,364
Bonnie Thomas was a mother of three whose husband Bill was a salesman for a small manufacturing company. Bonnie worked for an automobile dealership in the title transfer department and had been there for 12 years. In 2011, Bill and Bonnie had a good year financially and decided to meet with a financial advisor who advised them to purchase life insurance to provide for the family in the event of untimely death. Bill and Bonnie decided that they would each apply for a $250,000 20-Year Term insurance policy from American National Insurance Company that they could convert to a
permanent policy in the future. One of the features they liked were the Accelerated Benefit Riders that may pay a benefit if they had a qualifying Chronic, Critical, or Terminal illness that impacted future life expectancy.
Six months later Bonnie began experiencing frequent indigestion, bloating, and severe heartburn but thought it was due to her love for spicy foods. Several months later Bonnie’s indigestion became worse and she started suffering from nausea and vomiting. Bonnie visited the doctor who ordered multiple tests including a stomach biopsy. These tests showed that Bonnie had stomach cancer with mastitis of the liver in which Bonnie’s liver had been almost totally displaced
by the tumor. The news was devastating. They cried the entire weekend and told the children Mom was very ill. Bonnie
started treatment and was so sick that she was unable to work and Bill was forced to take time from his job to take care of
her. Their lives would never be the same.
Benefits of Their American National Term Policy
-Bonnie recieved $234,364 for her Terminal Illness as part of the accelerated benefit rider
-The family could now pay off their medical bills
-They did not have to deplete thier savings
-A family vacation to Disney World for the kids
-Bonnie was able to fly her Family to see her after her terminal illness.