We’re Priya and Raj Patel
We Got Multi-Generation Protection That Works
Priya closed her laptop after another late-night research session, rubbing her tired eyes. With three kids heading toward university years and both she and Raj climbing in their careers, the pressure to make the right financial decisions felt heavier than ever. “We need more than basic term insurance,” she told Raj over their morning coffee, “but I’m drowning in information about whole life versus universal life.”
The Challenge…
As established professionals with a $150,000 household income, Priya and Raj Patel knew they were in a good position financially. But with three children aged 10, 14, and 16, they faced a narrow window to secure their family’s future before college expenses hit. Their current life insurance felt inadequate, especially considering inflation’s impact on their long-term savings.
“Every article I read contradicts the last one,” Priya sighed during their annual meeting with their financial advisor. “What happens if we need flexibility later? What if our income changes? And honestly, I need someone who understands our cultural perspective on family financial responsibility.”
Raj nodded, thinking about his aging parents and the unspoken expectation that they’d provide support if needed. “We can’t just protect our immediate family,” he said. “We need to think bigger picture – three generations, really.”The Breaking Point…
Standing in the admissions office during their eldest child’s university tour, calculating costs for three children’s education, Priya and her husband realized their current savings strategy wasn’t enough. That evening, she called her sister. “We’re successful professionals, but I feel like we’re flying blind with our insurance and investment planning.”
Finding Saphira…
My breakthrough came through my LinkedIn network. A colleague shared an article about holistic financial planning that resonated deeply with me. When I reached out to Saphira Financial, I was relieved to connect with an advisor who immediately understood my multicultural considerations and complex family dynamics. “Tell me about your definition of financial success,” my Saphira advisor began. “What does security look like for your family, including the extended family responsibilities you might have?”
The Solution…
Saphira’s comprehensive approach addressed every aspect of the Patels’ concerns
Universal Life Insurance
Universal Life Insurance became their cornerstone strategy. “This gives you permanent protection with investment growth potential,” their advisor explained. “Unlike term insurance that expires, this builds cash value you can access if needed, and it’s designed to keep pace with inflation over time.”
Segregated Funds
Segregated Funds within the universal life policy provided the growth and protection balance they needed. “You get market upside potential with downside protection,” the advisor noted. “Plus, these pass directly to your beneficiaries, which means no probate delays or public disclosure – important for maintaining family privacy.”
Critical Illness Insurance
Critical Illness Insurance addressed their biggest fear about maintaining their lifestyle during a health crisis. “With both of you working, you’ve built a certain standard of living,” their advisor said. “This ensures a serious illness doesn’t derail your children’s education plans or force lifestyle compromises.”
Estate Planning coordination
Estate Planning coordination through Saphira’s network helped structure their wealth transfer strategy. “We want to make sure your cultural values around family support are reflected in your planning,” their advisor assured them.
The Difference…
We loved Saphira’s cultural understanding and long-term vision
Finally, an advisor who gets that my financial responsibilities don’t end with my immediate family, I said after our planning session.
Peace of Mind…
A year later, the Patels feel confident about their financial legacy. Their universal life insurance grows with their success, their children’s education is secured regardless of market volatility, and they have the flexibility to support aging parents if needed. “We’re not just protecting our family – we’re building generational wealth,” Priya reflects. “When our kids have their own families someday, they’ll have a foundation to build on. That’s the kind of legacy we want to leave.” Their eldest is now in university, and instead of financial stress, the Patels feel proud watching their planning come to fruition.