Bankruptcies resulting from unpaid medical bills and the solution.

"Bankruptcies resulting from unpaid medical bills will affect nearly 2 million people this year-making health care the No. 1 cause of such filings, and outpacing bankruptcies due to credit-card bills or unpaid mortgages, according to new data. And even having health insurance doesn't buffer consumers against financial hardship." 

As you know, most Americans are living without ample savings - and a lot are living paycheck to paycheck. When these families are struck with an unexpected illness such as a heart attack, stroke, or cancer, it can cause a serious financial hardship...even if they have health insurance.  The average annual income in the United States is $50,000 - and most health insurance policies carry at least a $5,000 or $10,000 out of pocket max that will easily be reached when suffering from a critical illness.  On top of that, any one of these illnesses will undoubtedly result in an absence from work for an extended period of time - causing the loss of valuable income at a time when they are experiencing increased expenses. This combination of out-of-pocket healthcare costs, loss of income, and mounting household expenses come together to form the perfect storm that is one of the leading causes of millions of bankruptcies.

Make sure you are sharing articles like this with your clients and agents that you are recruiting as well.  Another method of sharing this sort of information is through Facebook. Simply post the link to the article, and say something like, "Contact me to learn how I might be able to help you

and your family AVOID becoming a statistic. Check out this article: http://cnb.cx/11FDS1H

An optional Accelerated Benefit Rider can provide income during a critical illness. What would it be worth to you?

The Power of Life Insurance
Critical Illness
Most people know
life insurance can
provide financial
security and
continuity during
one of life’s most
difficult times: the
death of a loved one.
What few people know is
that life insurance can also help during
another one of life’s most difficult times: a
chronic, critical or terminal illness. This help
comes in the form of optional riders called
Accelerated Death Benefit Riders, also
generically known as Living Benefits, which
can be added at no additional cost.
The following story illustrates just what
Living Benefits can do.
In February 2008, Joyce1
 was a 49 year-old single
mother of two sons. Recognizing the importance of
planning ahead, she worked with her life insurance agent
to purchase a universal life insurance plan for basic
mortgage protection and as a means for supplemental
savings through the policy cash value.2
 The policy was
issued and the Accelerated Benefits Rider was also added.
Only six months later, a spot appeared on her
mammogram. It was breast cancer. Determined to win
this battle, Joyce consulted with her doctors and chose an
aggressive treatment plan. She wanted to be there when
her younger son graduated high school and her older son
returned safely from Iraq, both of which were years away.
To help her focus solely on her treatment and her sons,
Joyce elected to use her ABR critical illness benefit. It
enabled her to take a leave of absence from her job as an
Physical Therapist rather than working through treatments
that often left her weak and nauseous. She also didn’t
have to struggle to find the money to pay the bills while
she struggled to beat her cancer.
“I thought I had already been through some difficult
times, but then I was diagnosed with breast cancer,”
explained Joyce. “This really knocked the wind out of my
sails both mentally and then physically. I’m so relieved I
was able to accelerate the death benefit within my policy
to make this battle seem a little less exhausting.”3
Did you know an optional Accelerated 
Benefit Rider can provide income during 
a critical illness?4
What would it be worth to you?