Protecting your wealth for your family
Life insurance is a simple, effective and transparent instrument which can protect against many uncertain events, yet wealthy individuals often disregard life insurance, reasoning they have wealth to cover any eventuality.
However, often assets are tied up in property or investments, and there is a limited source of liquidity. When income is high, often spending is too and the premature death of a main wage earner may have significant implications for the whole family. On death, the government retains 40% of an individual’s estate in Inheritance Tax, which is often more than is received by individual family members.