Securing the American Dream

02 Aug Securing the American Dream

Life Insurance Helped the Tang Family With Their American Dream

Steven and Ngoc Anh Tang left Vietnam to pursue the American dream: They wanted their children, Jimmy and Nancy, to have a better life. Their insurance professional Annie Vu also helped them secure their children’s financial future in case the worst were to happen. The couple purchased permanent life insurance for both Steven, who worked for an hourly wage, and for Ngoc Anh, who was mainly a stay-at-home mom.

It was on a trip with her mom and sister that Ngoc Anh was involved in a car accident. Her life-threatening injuries meant she was in and out of the hospital, but because her policy had a disability waiver of premium, she no longer had to pay for the policy. However, Ngoc Anh never fully recovered, and later died of a stroke. Again, her life insurance policy came through. Annie had advised the Tangs to get an accidental death rider, and because Ngoc Anh’s heart condition was a result of the accident, the family was entitled to double the original amount of the policy.

Now that he was a single father, Annie encouraged Steven to get additional life insurance to protect his children, which he did. Unfortunately, tragedy struck just three years after his wife had passed away. Steven learned he had liver cancer and died soon after his diagnosis. Nancy, a senior in high school, and Jimmy, who had graduated from college, were now on their own.

Thankfully, Annie and the money from the life insurance were there to shepherd them on their way. Nancy is now attending college, and the siblings have bought a house near campus so Jimmy can help his sister as they start a new chapter in their lives. They credit life insurance for that opportunity. “It’s vital for parents to have life insurance,” says Jimmy. “It means if you do die, your loved ones can go on without worrying about money while they get back on their feet.”

Contact QQIS today to protect your children from the unpredictable future with our Life Insurance products.

Securing the American Dream – Video Transcription

Nancy Tang (Daughter): My family left Vietnam for a better life for themselves and for their children. I think they bought life insurance because they thought they were at that age where anything could happen.

Annie Vu (Insurance Professional): The policy I sold to them had two riders, waiver of premium and accidental death.

Jimmy Tang (Son): My mom’s car accident, it was a serious one. They said there was little chance that she might make it.

Nancy: But somehow she was able to pull through with it.

Annie: After the accident she felt ill and couldn’t work or anything.

Phung Ngo (Insurance Professional): They also had to waiver a premium rider meaning she didn’t have to make payments on her policy anymore. The company made the monthly payments for her.

Annie: Ngoc Anh passed away about two years after she was involved in an accident, but the company still paid the accidental death benefits rider anyway.

Phung: They determined the cause of death was due to the injuries sustained from the accident.

Jimmy: After that my dad actually sat me down and said, “Look we had life insurance for your mom and we’re gonna to use that to basically get back on our feet.”

Phung: Annie and Steven decided that he needed more life insurance because now that he was a single father and if something happens to him then the kids would need an additional supplement money. So he purchased another policy for himself.

Nancy: When my dad got sick it was near the beginning of my senior year.

Jimmy: He would said his stomach hurt too much to the point where it brought him to tears. That’s when they diagnosed him with stage-4 liver cancer.

Nancy: It hurt a lot when he left. A couple night before, he saw me like stressing out. He’s like, “Well, don’t worry about me I’ll be fine.” Well next thing you know he’s not fine.

Jimmy: And then he was gone. Ted and Annie counseled us what to do with our life insurance. Life insurance policy has allowed me to basically provide for my sister so she can go to college and as well as me being able to get back on my feet and be strong for my sister.