HSBC Life’s Post

High-net-worth (HNW) clients are looking for solutions to ensure a smooth transition of wealth to the next generation, and life insurance can actually play an important role in their legacy planning.  This article explores how universal life (UL) policies have gained more popularity over the last five to six years among HNW clients for estate planning due to their unique features and flexibility. 

High-net-worth (HNW) clients are looking for solutions to ensure a smooth transition of wealth to the next generation, and life insurance can actually play an important role in their legacy planning.  This article explores how universal life (UL) policies have gained more popularity over the last five to six years among HNW clients for estate planning due to their unique features and flexibility. 

HSBC Life has set a new Guinness World Record by issuing the most valuable life insurance policy ever, valued at US$250 million. This policy, underwritten in Hong Kong for an individual customer, offers whole-of-life protection and underscores the commitment to serving the ultra-high-net-worth population in Asia. This groundbreaking policy underscores the universal importance of insurance, highlighting that protection is crucial for individuals across all wealth spectrums. It serves as a powerful reminder that insurance is a fundamental aspect of financial planning, essential for securing one's financial future and peace of mind, no matter the scale of assets. #InsuranceForAll #IAINS #INTERAMERICANINSTITUTEOFINSURANCE #InsurancePlanning #EveryoneBenefitsFromInsurance https://lnkd.in/g_h5fWTs

Life insurance can play a key role in maximizing an estate’s value and allow wealth to move to beneficiaries quickly and without incurring taxation. #lifeinsurance #estateplanning #intergenerationalwealth

By investing in life insurance products that offer both growth and security, investors can secure their family’s financial future and build generational wealth through guaranteed additions Read more #ETInsights #BFSI #Insurance #Finance #Growth #Investors #Generationalwealth Alok Rungta

UK life insurance sector are likely to pass on more of the interest they earn on customer cash balances to protect their reputations as customer fairness regulation introduced last year continues to drive changes https://lnkd.in/dCkfZPT6

How life insurance can make for more tax-efficient intergenerational wealth transfers https://lnkd.in/dMizfafQ

Our Head of Advice, Jack Standing, recently shared insights on the challenges facing the life insurance advice sector in an article by Professional Planner. As a leader in financial services, we are committed to ensuring Australians have access to quality life insurance advice. What are your thoughts on the current state of life insurance advice? How can we work together to improve accessibility and affordability? Share your ideas in the comments. #LifeInsuranceAdvice #FinancialPlanning #IndustryTrends #WTFinancialGroup

Consider, for example, life insurance. This sector has usually been ignored by the media, since its business model was seen as boring: companies collected fees from clients, invested those in safe assets such as bonds and used the returns to pay annuities. But, as the sociologist Viviana Zelizer has noted, life insurance has always offered an intriguing window into societal attitudes to risk. And during the cheap money era, shifts occurred that are anything but boring.

China’s personal insurance market is expected to grow in the range of 5% to 10% by 2035. Read the full report, What’s Next for China’s Personal Insurance Market, and gain more insights from this piece.