Postby Robinf » Tue Nov 01, 2016 3:23 am
I had an accelerated death benefit on my insurance and took advantage of it last year. Each policy can and will be different on all kinds of deails, meaning how much they pay out, life expectancy required for payout etc.
The terms of my policy was that they would payout 50% of my life insurance amount up to 500k. The remainder would be paid at my death. I had to be diagnosed with a terminal illness, with a life expectancy of 24 months.
From a process standpoint, it was easy peasy - fill out a form that includes a physician statement where my onc checked the box that said my prognosis was terminal and my life expectancy was less than 24 months (which based on stage 4 prognosis was reasonable). For my policy, there are no penalties if I live longer than expected, meaning I dont have to pay anything back, the remainder of my insurance isn't forfeited, I don't owe interext on anything, etc. if I dont die in the 24 month period.
For me, it was a win win scenario.
Happy to talk more, so PM if you'd like. Like I said though, each policy is different so my experience is not necessarily indicative of anything other tham my experience.
Dx stage 4 Sept 2014 (MSS, KRAS Mutant)
Resection with peri mets identified visually during surgery
Nothing visible on CT
12 rounds FOLFOX w/ Avastin Nov - Apr 2015
Still nothing visible on CTs
HIPEC May 2015
7/2015 - 5 new spots on CT, PET confirmed 3 mets
8/12/15-Begin 12 rounds FOLFIRI
10/21/15 Scan - peri mets stable, 1 liver stable and 1 growing
12/4/15 - RFA of liver met
2/24/16 - scan was stable/shrinking moving to Xeloda/Avastin