Life insurance helped a 9/11 widow pay the bills after husband's death

Oct 06, 2011

Life insurance helped a woman pay the bills after her husband died in the September 11 terrorist attack.

After her husband's death on September 11, 2011, in the terrorist attack on New York City, Abagail Carter was kept afloat by a life insurance policy she said her husband set up about a month before his death, according to CNN's website.

Carter received an undisclosed amount from the policy a month or two later, according to the news source. The money from the policy was the family's sole source of income after Aaron Dack's death, as Carter had previously been laid off as a web project manager.

"At that moment in time, I was still unemployed and he had just started a brand new job," Carter told CNN. "I had no idea what the extent of his benefits were. I had no idea if we were going to get anything at all."

The life insurance payment was well needed before Carter went back to work, as the health insurance policy she had from her husband's job was previously canceled.

According to the Insurance Information Institute, the terrorist attack was the biggest insured catastrophe in U.S. history, with $40.2 billion in insured losses, including $11 billion in claims for business interruption and $10 billion for liability claims.

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