He Learned The Hard Way What Not Having CI Insurance Means

To The Editor:

The following is my story about why critical illness insurance is the best buy in todays marketplace.

The life insurance industry offers many products that respond to the diverse requirements of individuals and their families. But of all the types of coverage available today, critical illness insurance is surely the best. It could literally save your life!

I have worked in the insurance business for over 40 years and have never seen such a wonderful product. I am proud to be able to offer it to my clients. Critical illness insurance pays your full death benefits simply upon diagnosis of cancer, stroke, heart attack, paralysis, loss of limbs or sight and renal failure. You do not have to die to win! I learned the hard way what not having such protection could mean to a family.

For more than 50 years I have been a devoted husband. I have three children and 11 grandchildren. My wife Dolores and I were enjoying the pleasant peace that comes after the challenges of parenthood. Life was good and our future seemed secure. All our children had established their own families and we were returning to our “childhood sweetheart” days.

At the height of this happiness, I went for my regularly scheduled physical and left the doctors office with a diagnosis of cancer. My life as I knew it was over. The prospect of a relaxing retirement with the woman I love was replaced by debilitating surgery and a long, painful recovery.

After a lifetime in this business, I finally found out what life insurance coverage is all about.

My medical expenses were enormous while my business continued to decline. Dolores was by my side the whole time. Fortunately, my surgery was successful. Recuperating at home, I was discovering new hope and just being thankful my life was spared. Just as our life was returning to a manageable state, our peace was again shattered when Dolores had a severe stroke.

Once again, I felt the pain of not being prepared for the misfortunes that life can bring. If only the critical illness policy had been available years ago, I would have had the financial security I needed. Medical treatments and physical therapy would have been affordable.

The emotional and physical pain associated with severe illness is bad enough. Why compound it with financial stress as well?

If we had critical illness protection at that time, our medical bills would have been completely covered. Unfortunately, precious time that should have been devoted to healing was, instead, spent on generating income.

I think that nothing is more important than preparing for the worst. Critical illness protection, if available, would have solved our problems.

With a skillful medical treatment, we “childhood sweethearts” are still standing side by side, although life is difficult. A critical illness policy would have made a vast difference in our lives and prevented severe financial hardship. I have never learned a more important lesson in the insurance industry. Whether young or old, protect yourself and your loved ones with the security available through the critical illness protection. It could save your life.

Paul Peter Magnaterra, Sr.
The Cerro/Magna Insurance Group
Timomium, Md.


Reproduced from National Underwriter Life & Health/Financial Services Edition, June 3, 2002. Copyright 2002 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.