Protect & Enhance - Protect Wealth asset with sum assured coverage -Enhance wealth through growth of cash values
Protect your assets and enable an equitable distribution of your wealth
With the success you enjoy today, your wealth is likely to comprise several assets such as property, equities and a family business. How do you ensure a fair and harmonious distribution of wealth to address your legacy planning needs?
Without Universal Life Insurance
In the event of a financial crisis, and should Mr. Ong pass on, his assets would be significantly affected and his family may come under pressure to liquidate part of his investments and property, which would result in a great loss of value of their father’s legacy.
With Universal Life Insurance
Mr Peter Chan purchases a Bespoke Universal life Policy for US$3m when he turns 50. When he passes on, his family will receive insurance proceeds of US$10m – which provides cash flow to support the family business in the short term.
Furthermore, these insurance proceeds enable Mr Peter Chan’s family to maintain an optimum lifestyle, without having to force-sell or liquidate his assets at a time when market conditions are far from ideal.
Preserve & Transfer - Preserve wealth assets regardless of economic conditions -Transfer to heirs equitably
Mr Ethan Koh has 3 children. His second son and his daughter have established careers outside the family business. Only his eldest son is interested in taking over the family business to run it. His daughter is married and lives in her family home so that she can take care of her parents. These conditions make it complicated for Mr Ethan Koh to ensure a fair and equal distribution of his wealth after his passing.
Mr Ethan Koh purchase a Bespoke Universal Life policy at the age of 50 which provides an immediate estate of US$10m with a single premium of US$3m for estate planning purpose. Thus boosts the total value of his assets, and facilitates the equal distribution of US$8m to each of his three children from the insurance proceeds.