A practical handbook to support financial advisors in understanding the unique features of HNW life insurance and how it can help their customers’ grow and protect their wealth
Transamerica Life (Bermuda) Ltd. (TLB), a leading High Net Worth (HNW) life insurer, in partnership with Hubbis (HK) Limited ("Hubbis"), announced the launch of the "Guide to HNW Life Insurance - a Practical Handbook for Financial Advisors" ("Guide"). Sponsored by TLB as part of its Mastering High Net Worth (MHNW) programme, and prepared by Hubbis, the Guide is designed to help financial advisors, brokers and wealth managers understand the key dimensions of HNW life insurance and how to apply it in practice.
From the different protection needs of HNW individuals to the types of life insurance products available that can meet different financial requirements, the comprehensive Guide covers an array of topics and aims to provide financial professionals with an overview of some of the key considerations with respect to the utilisation of life insurance – helping them to help their customers secure their financial legacies.
Globally, the HNW population rose by nearly 9% to 19.6 million in 20191. It is estimated that by 2030, US$15.4 trillion of wealth will pass down through the generations. Life insurance continues to be a vital risk management tool and can be the foundation of a sound wealth management plan for the growing HNW segment.
As a leading life insurance company singularly focused on the HNW market, TLB is recognised for its award-winning products and services, as well as its unique expertise on the HNW life insurance market. Launched in December 2019, TLB's MHNW program provides its distribution partners with specialised insights, ideas, and resources to help them better serve the needs of HNW customers. As the latest resource under TLB's MHNW program, the Guide aims to equip financial professionals with an accessible tool to enhance their knowledge and skills in order to better serve their customers and maximise their opportunities in the growing HNW space.
Marc Lieberman, our President & CEO, is featured in an article by Hubbis highlighting the launch. We invite you to read Marc's interview and to learn more about the Guide here.
If you would like to download a copy of the Guide, you may access it via Hubbis at https://pdf.hubbis.com/pdf/article/guide-to-hnw-life-insurance.pdf
1Capgemini World Wealth Report 2020Capgemini World Wealth Report 2020.