Filter
Personal
Private
Universal Life
Universal life insurance can provide a more certain, efficient, and personalised source of liquidity to replace income, transfer wealth, and ensure efficient business successions. Beyond the death benefit protection, these solutions provide cash accumulation potential in addition to strong guarantees to help meet global estate and legacy planning needs.
Legacy and succession planning
Preserve the value of your estate by providing liquid funds for dependents or a spouse to pay for any fees or debts outstanding upon death. Life insurance can help create, increase, or preserve wealth to ensure fair and equitable distribution of your estate.
Wealth preservation
Seen as an alternative asset class that has the ability to generate cash in the future, life insurance is one of the few assets with a guaranteed value and predictable cost. It offers value by providing both peace of mind now and potential death benefit payments later.
Inheritance tax planning
Liquidity for your heirs to cover inheritance tax or property gains tax on assets within your estate, having first sought the right guidance from a qualified tax professional.
Key person protection
In the event of the loss of a key employee, the best universal life insurance policy can provide a business the cash flow it needs to keep it running. The policy provides the cash needed to hire a qualified replacement, purchase the additional human capital or assets necessary to keep operations intact, and help replace lost profits.
Charitable giving
By gifting a ULI insurance policy outright or naming a charity as the beneficiary, donors can provide the charity of their choice with a large sum of money and a lasting legacy for a cause they believe in.
Business continuity
Without a business survival plan, the consequences for a business owner’s employees, customers, family, and estate can be devastating. Life insurance can help mitigate these risks by serving as a funding tool for your plan.
The length of your term life insurance policy is a matter for you to decide. It will vary depending on your individual circumstances. You will need to consider why you are choosing term life insurance. If it is to cover you while you have financially dependent children or a mortgage for example, this would affect your choice of length of term for your policy.
Universal life insurance is used to provide a cash lump sum to a dependent or beneficiary in the event of the policyholder’s death. This cash sum can be used by the family, or by business partners, to pay for immediate needs.
Markets can go down as well as up, and sometimes investments can underperform. Indexed universal life insurance has evolved to address concerns with changing global markets. It is important to ask your financial adviser at Continental about a full range of insurance and investment options.
