1.  If the breadwinner dies prematurely, the family's lifestyle will be fatally compromised: they will stay in their home; education plans will remain financially on track' the family's business, if it owns one, won't have to be sold in a rush at a fire sale price.

2.  Similar outcomes will prevail in the event of a disability.

3.  The children and/or grandchildren of the family will be able to afford the very best education for which they can qualify, without still being saddled with student loans when they themselves have children.

4.  The current generation of the family will be able to retire at its own time and on its own terms, with a high degree of confidence that it will never outlive its income ~ that its dignity and independence will not be undermined by the fact that the cost of living could triple in their lifetimes. 

5.  The current generation will, if necessary, be able to contribute meaningfully to the support of its parents. Moreover, this generation will never become a financial burden to its children, even if extended nursing home stays are required.

6.  Even as retirement income rises to offset inflating living costs, this generation's capital will continue to grow over time, endowing meaningful leagacies to the succeding generations.

7.  Estate taxation won't force the sale of a family's important assets ( cottages, businesses etc.). This liability will be funded out of the residual capital, and/or it will be insured.