Harry
Waizer’s life changed forever on September 11, 2001. He began
his morning like any other, boarding a commuter train near his
home outside of New York City to arrive at his office at One World
Trade Center at 8:40 a.m. When the building was hit, Harry was
in an elevator on his way to his office on the 104th floor. Despite
third-degree burns over much of his body from blazing jet fuel,
Harry walked down 78 floors to the lobby where he was rushed to
a burn center.
For
the next two months, Harry fought for his life. He staved off
numerous infections and pneumonia, and even spent time in a coma.
Then he spent three months in a burn center undergoing rehabilitative
therapy. Finally, he returned home to his wife and three children,
ages 11 to 14. Though Harry faces months of rehabilitation, one
thing he doesn’t worry about is his financial situation. That’s
because he and his wife Karen had planned carefully with their
longtime financial representative Michael Kipniss, CLU, ChFC.
When disaster struck, Harry was financially prepared.
Within
30 days, he was collecting benefits from several longterm disability
policies that helped, along with some money from his employer,
to replace his entire working income. Harry also owned several
whole life insurance policies as well as a term life policy that
was converted to a whole life policy once the disability occurred.
Each of his policies carried a disability waiver of premium provision,
which means that his insurance company now pays all of Harry’s
premiums and will continue to do so until he’s able to return
to work. These premiums amount to more than $25,000 a year being
contributed to his policies, which will help with future college
costs for his children and supplement his retirement income. “Having
this insurance gave me an ease and comfort I would not have otherwise
had,” Harry says.
