Life Insurance

The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors.

For example,

  • Who will be responsible for your funeral costs and final medical bills?
  • Would your family have to relocate?
  • Will there be adequate funds for future or ongoing expenses such as daycare, mortgage payments, private school education and university funding? 

It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business.

Lumina International is able to advise independently on all apsects of life insurance.