Case Study:
Planning your Family's Security
Margôt Adam
Mr. and Mrs. Client, a young couple with 2 young children, had recently bought their first home. Mr. Client had just started a business and Mrs. Client worked from home but earned a significant self-employed income but they had no insurance - health, disability or life. Moneystrat Insurance Management Inc.'s Margôt Adam helped the couple determine that they both needed term life insurance of $750,000 for income replacement.
They were skeptical at first, as it seemed like a large amount. Margôt explained that the life insurance benefits would allow the survivor to maintain the family lifestyle, eliminate the mortgage on their home, cover increased child-care costs, educate the children, and still have enough for investments and emergencies.
Sadly 3 years later the young wife was diagnosed with a Stage IV cancer. She died in a few months. As tragic as this event was, the recommendations of Margôt stopped it from being an even worse situation for the family.
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They were skeptical at first, as it seemed like a large amount. Margôt explained that the life insurance benefits would allow the survivor to maintain the family lifestyle, eliminate the mortgage on their home, cover increased child-care costs, educate the children, and still have enough for investments and emergencies.
Sadly 3 years later the young wife was diagnosed with a Stage IV cancer. She died in a few months. As tragic as this event was, the recommendations of Margôt stopped it from being an even worse situation for the family.
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