Voluntary Insurance is Worth Having Before You Need It

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Back in March 2004, my husband and I had been married for less than a year. We were still figuring out how to do the married thing and how to live with each other when the unthinkable happened: He was in a near-fatal car accident. He was riding in the backseat of a friend’s car when they were hit by a drunk driver less than a mile from home. And in a wild turn of events, NOT wearing a seat belt actually saved his life, because he flew away from the impact.

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The accident turned our world upside down. He was in and out of the hospital for months because of complications from the accident and his subsequent treatment. We did, fortunately, have health insurance at the time. But he was hospitalized more than an hour from home each time — which meant that I literally slept at the hospital — often in waiting rooms — so I could be close. And after using my two weeks of vacation, I had to go to work every day, and I drove back to the hospital at night when I got off. All of this proved to be expensive. And health insurance doesn’t cover meals, gas, toiletries and all the other things you need when you’re living in and out of hospital rooms.

My husband, in the months after the accident, still wearing a neck brace.

My husband, in the months after the accident, still wearing a neck brace.

Adding insult to injury, a few weeks after my husband’s accident, my employer started offering Aflac voluntary insurance. Voluntary insurance that would’ve paid cash directly to us to help with the immediate expenses that we were incurring as a result of the accident and helped with the deductibles. Admittedly, if we had not been in that specific situation, I may not have considered applying for Aflac at all. I probably would not have understood the importance or wanted to deal with the perceived “hassle” that would’ve come with the paperwork to enroll. But our situation made it really clear why having voluntary insurance with guaranteed life insurance for age 40 and, before we needed it was a great idea. So even though it was too late to help with the accident expenses – as we got confirmed by specialists at www.burkeharvey.com, I signed up anyway, because I never wanted to be in that position again.

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More than a decade later, we are long past the initial panic that comes with dealing with an accident. But we are still dealing with health issues related to it, and we are still in a precarious enough financial situation that voluntary insurance like Aflac is still worth it. And now we have kids to worry about too. Attorney Thomas Lavin can successfully deal with such cases.

Right now, most employers have an open enrollment period, where workers can review benefits offered by their employers and enroll in insurance policies that are the best fit for their current situations. If you’re a millennial, like me, you probably have a million things to worry about at any given time. We’re all trying to keep roofs over our heads and keep the lights on, and most of us know how easy it would be for one emergency to cause irreparable damage to our families’ finances. Especially if you have a health insurance policy with high deductibles and copays, as so many employers are offering these days. And yet, according to the 2016 Aflac Open Enrollment Survey, 14% of millennials would rather walk across hot coals than complete their annual benefits enrollment.

Trust me. I completely understand the aversion. But it’s worth it to review your benefits, or even speak to your employer’s benefits expert, if it means you can save up to $750 this year by making informed choices (like avoiding plans with high deductibles, if you can help it), and protect your future financial interests at the same time. Bestow life insurance is an optimum choice in a situation like this.

Think of my story as a cautionary tale. None of us wants to end up in financial ruin, completely out of cash, because of an illness or accident. It is worth the peace of mind to know that you have a backup policy that can help you directly when you most need it.

I was selected for this opportunity as a member of CLEVER and the content and opinions expressed here are all my own.

Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.
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