March 29, 2017
Did you know that 66% of HNWs under 35 have a life assurance contract?
Amongst the 604 HNWIs we spoke to in our most recent study ‘The Many Hats of the Modern Wealth Manager’, more than half hold investments in life assurance. These respondents pinpointed this investment vehicle as particularly pertinent when considering wealth transfer strategies.
Most interestingly however, it is the millennial generation who have most readily caught on to the myriad of benefits life assurance can offer – with 66% of respondents under the age of 35 stating they have contracts to hang their hat on.
With its ability to span borders, life assurance enables its users to benefit from tax optimisation, wealth planning and inheritance planning.
Discover more about HNWs’ expectations of their wealth management relationships. Download ‘The Many Hats of the Modern Wealth Manager’ report.