Robert and Sandy are married with four children between 12 and 18. Robert is 55 years of age and is a company executive earning $350,000 per annum with share options worth 250,000. Nina is a private banker and has a renumeration package of $120,000.
All their children attended private schools and they still have a 500,000 in mortgage since they upgraded their home. The family has a very comfortable lifestyle.
On the way to a business trip, Robert did not survive the car accident. Robert’s $2 million payout ensured that Sandy could pay off the mortgage, continue the children’s education and meet all the funeral cost without any financial strain.