Complete Protection for your Family
Life Insurance insures the Continuity of Lifestyle
Each family has different needs. The needs depend, among other things, on whether there are one or two income earners, whether there are children or other dependents. Each individual family’s unique lifestyle depends on these income needs, values, interests and goals. Life insurance can help preserve and protect this lifestyle upon the death of a family member. The job of life insurance today is therefore to ensure that the lifestyle and living standard created before death, continues after death, for the survivors, for a lifetime if necessary.
Basic needs that arise upon a person's death:
- Funeral & Final Expenses
Figures can vary from $5,000 to $10,000, and up. It will include cash for emergencies, probate court costs and legal fees.
- Mortgage & Rent
Where would your family live? Would they stay in the same neighbourhood with friends, neighbours and schools? Survivors have to live somewhere.
- Education Costs
Now running as much as $6,000 to $10,000 per child per year of post secondary education.
- Survivor’s Income
What will the surviving family members have to live on if the wage earner’s income stops? Would the surviving spouse continue or be forced to go back to work? What about the children (if any)? Would there be extra cost for baby-sitters, transportation, etc.?
Acumen Insurance Group also offers:
- Mortgage Protection
Ensure that your family will be able to stay in their home if you or your spouse dies before the mortgage is paid off.
- Quick Issue Critical Illness
This plan is designed to provide funds to help you financially care for yourself and your family while allowing you to focus on recovery. The plan pays a tax-free lump sum living benefit which can be used to offset the cost of managing the illness without impacting your savings, retirement plans and lifestyle.
- Funding for Business Buy and Sell Agreements – Life insurance can be used to guarantee surviving shareholders that they will have sufficient funds to purchase the deceased’s shares. It provides a guarantee to the deceased’s heirs that they will be able to obtain full value for the deceased’s business interest.
- Children’s Plans
A child’s insurability (i.e. their health) can change quickly and unexpectedly and having life insurance for your child can guarantee a lifetime of worry-free coverage.