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Properly
structured Life Insurance guarantees your support obligations.
Of
all life’s stressful events, divorce is ranked as one of the most
stressful.
To compound matters, it’s usually a drawn-out and
painstaking process that can take its toll on a person’s well
being. What
can make things worse is, if the spouse paying support passes away
without providing a means to fund the support obligation for the
surviving spouse and/or children.
Too often, this can and does happen.
The
solution to this problem is to arrange a properly structured life
insurance plan1 and include a life insurance clause in
the support agreement.
This will guarantee the funding of the support obligation and
will be self-completing so that the individuals on both sides of the
support arrangement have been satisfied.
No
matter how many children, the duration of payments, or if indexed
payments are required, we can provide the precise amount of coverage
that is necessary.
Even if you have an existing arrangement, we can custom
tailor a plan that meets your needs.
In
addition to a properly structured life insurance plan, consideration
should be given to coverage in the event of a
Critical
Illness. For further information on Critical Illness,
follow the link on this site.
Click
here to review the benefits and advantages of the Family Support
Solutions that we offer.
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Custom
Tailored Solutions...
Each
and every situation is unique; therefore, one company’s products
may not be the best solution for everyone. We
will provide the product that can be tailored to meet your
unique needs by shopping the market for the right
insurance coverage.
Unlike
plans that provide a decreasing benefit, we provide coverage that
will remain level throughout the support period.
On death, the insurance company can provide either:
-
to
continue the exact amount of monthly support needed for the
completion of the support payments or,
-
pay
a lump sum benefit to provide for the support obligation.
The
residual benefit, if any, can be paid to the estate or other
beneficiaries giving you maximum benefit and value compared to
decreasing benefit plans.
You
may also have the option of decreasing the benefit as the support
obligation decreases, which in turn will lower your premium, or you
can leave the level of benefit as is.
After the support obligation has ended, you have the option
to continue the coverage with the beneficiaries of your choice or
convert it to a permanent plan of your own.
These features are not available with other plans. It’s
your choice!
Click here to
obtain a no obligation quote to acquire Canada's best solution to
insure family support payments! |
