After serving more and more high net worth families over the past few years, we have found that for high net worth individuals, the following four types of insurance can be almost said to be "just needed."
Quota lifetime: high leverage inheritance
How to pass on their accumulated wealth to the next generation is a question that many high net worth families are currently considering. The inheritance of wealth can not be separated from the three tools of will, trust and life insurance, among which the advantages of fixed life insurance are:
1) Leverage inheritance, magnify wealth
45-year-old women choose to pay for 20 years, and after paying the first year premium (more than 200,000), they lock in the inheritance wealth of 10 million.
2) Direct private inheritance to avoid conflicts
Unlike wills, which must be made public between heirs, life insurance inheritance has absolute privacy. Especially for families with multiple children, there is no need to worry about siblings falling out because of property distribution.
3) Marital risks of isolated children
The breakdown of a child's marriage is often the beginning of a decline in the wealth of high net worth families. According to the law, the wealth passed to the child through life insurance will not be divided in case the child's marriage changes in the future.
4) Lower the threshold for docking trusts
For high-net-worth families who are worried about their children's profligacy, family trusts that can be passed down in fixed amounts are a good choice. Generally speaking, the establishment of a family trust requires 10 million to 30 million cash directly into the trust company, but if the quota life insurance docking, the threshold is greatly reduced, and tens of thousands of annual premiums can be.
Pension annuity: Lifetime income cash flow
Some time ago, a customer in Guangdong bought an annuity with a total premium of 10 million.
Some people do not understand, this condition of the family, I am afraid that the money can not be spent for a lifetime, but also need pension annuity?
Whether it is an ordinary family, or a rich family, seeking advantage and avoiding harm are the most ordinary human nature.
When U.S. President George Washington died in 1799, he wrote in his will that after the death of his wife Martha, he would free the slaves in his family. But the next year after Washington died, his wife freed all the slaves. Why is that? She said I don't want to live among people who want me dead.
This is the story that a client shared with us, and it is also an important reason why she signed up for an annuity.
Old whether it is tens of millions of assets, or hundreds of millions of wealth, are external things. Living for a year and receiving an annuity for a year can bind some of our worldly possessions to our lives. One is that the old man's family can get a large amount of wealth when he is gone, and the other is that the longer the old man lives, the more wealth he creates. The incentives for the people around him are completely different.
Understanding of human nature and planning of lifetime cash flow are the core values of pension annuity.
Incremental life: a pool of funds that can be liquidated at any time
The increase in the life of the two years of large single frequency. For high net worth families, increased life is a pool of funds that can be realized at any time, whether it is working capital for business, education funds for children to study abroad, or emergency funds for the family.
On the one hand, the benefits of the extended life policy are clearly written into the contract, safe and stable, and can also lock the interest rate for a long time, which is very rare in the context of increasing investment risks.
On the other hand, the financial flexibility of increased life is higher. Put in a lump sum or spread out over several years, and when the cash value (money that can be withdrawn) equates to the total premium, you can cash it out whenever you need it. If not, increase steadily according to the number agreed in the contract.
Premium Medical insurance: Medical freedom
There are two main reasons for the value of high-end medical insurance to high net worth families:
1) Achieve medical freedom with minimal cost.
A 40-year-old male, with an annual premium of about 27,000 yuan, can leverage 25 million medical security lines to go to public, private, and expensive hospitals in any country in the world.
2) Access to priority treatment and the best medical resources.
Companies that focus on high-end medical insurance have a strong medical network around the world, and their ability to dispatch global medical resources can help customers get the most priority and high-quality treatment.
Share a recent case. In a previous widespread outbreak, the parents of one MSH premium medical insurance customer were both infected, but Beijing's public hospitals were full and private hospitals ran out of beds.
Desperate, the client turned to MSH for help. MSH urgently contacted hospitals within its medical network and arranged a two-room bed for the client's parents at Beijing United Hospital.
In an emergency, high-end medical insurance can be life-saving.
