It is easy to generalize about the 11 million+ undocumented aliens living in the United States. In order to give this large group a more human face we share stories about individual immigrants and the people that help them.
Immigrants come to the United States to work and start a family but their efforts are curtailed by several sources of uncertainty. The first, for those who are undocumented, of course, is their legal status. Another is insurance. Generally, it is difficult for an immigrant, much less an undocumented alien, to obtain life insurance.
Last week, insurance agent Carolyn Piano, LUTCF, told us a story of how she successfully helped an undocumented immigrant in Sarasota obtain a valuable life insurance policy despite his legal status and lack of documentation. The immigrant was a hard-working business owner with a young wife and 3 young children. Carolyn understood how important it was to ensure that even if something tragic happened to this man, his family could achieve the dream that he had for them; to get a good education, go to college, and become successful. Carolyn told us about her relationship with this man, how hard she knew he worked, how much he loved his family. She wanted to make sure he was protected and undertook the project of getting him insured.
Life insurance is useful because it is one of only 2 creditor-proof assets. The other is annuities. It can be used, as in this case, the ensure that a father’s family does not suffer financially if something tragic were to happen to him.
Carolyn spoke with her insurance providers, offering full disclosure. Due to the recipient’s lack of documentation the process was complicated and laborious. But, as Carolyn said, this was a “labor of love.” She succeeded in underwriting a $1 million policy for her friend – no mean feat.
We want other immigrants in the Sarasota-Bradenton area who might be thinking about getting insurance to know that Carolyn is willing to help. She now has experience underwriting policies for immigrants, event those who may be undocumented.
Carolyn Piano can be reached over the phone or via email: