Paul (aged 42) and Caroline (aged 39) – Married
Occupation: Business Owners
Family: 2 children (ages 4 & 7)
Paul and Caroline wished to understand what level of protection benefits they would require to ensure their family’s lifestyle can be protected in the event of a catastrophe.
They wished to consider a course of action that balances affordability with the need for adequate protection.
They wished to ensure benefits continue for at least the years of children’s dependence.
After reviewing their circumstances, we provided a detailed report & recommendations outlining the most appropriate course of action.
We recommended a lump sum benefit to provide for a rainy-day fund, funeral expenses, start in life gift for children and to allow short term debts to be cleared in the event of a catastrophe.
Within our recommendations, we priced different options taking account of affordability.
They gained peace of mind in knowing that their family’s lifestyle was protected.
They now understand why a specific level of benefits is required.
They understand how the protection is structured from an estate planning perspective to ensure timely payment of benefits.
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