Tatler + Charles Monat Associates
Safeguard your family’s wealth—now and in the future—with life insurance and legacy planning services
The best time to start thinking about life insurance is right now. In order to elude unnecessary complications, identifying senior family members who can undertake essential measures will guarantee a smooth financial transition. To put it simply, it is essential for both High Net Worth and Ultra-High Net Worth individuals to consider the future with particular reference to life insurance—viewed by some as an unconventional investment—without further delay.
See also: Hong Kong's Richest Men 2020: 10 Billionaires Who Topped The Forbes List
2021: Hong Kong The Financial Colossus
Hong Kong is one of the richest cities on the planet, with the total wealth of its most prominent families estimated by the Financial Services Development Council to be more than US$1,179 billion.
Some of the city’s best-known tycoons are well into their nineties. A sizeable amount of family capital may soon be transferred to their children and grandchildren, so making a solid plan of succession has become a top priority. It is critical to take action without delay, and to do so with a life insurance partner who is both supremely professional and utterly trustworthy.
Unleashing the Value of Life Insurance
The benefits of life insurance—predictability, flexibility, liquidity—can rank among the most valuable assets in an individual’s portfolio. Life insurance comes with two core values: it is a source of passive income, resisting economic headwinds and providing income continuity, so non-liquid assets do not have to be relinquished during times of duress; and it is the keystone of the bridge that is legacy planning. This is especially important while the largest intergenerational wealth transfer of recent times is taking place.
See also: How Foundations In Asia Are Being Passed Down To The Next Generation
Life insurance and insurance advisory services can help to identify key stakeholders, helping to facilitate the undertaking of essential measures to guarantee smooth financial transitions. This can be beneficial not only for families in their legacy and succession planning, but also for businesses transitioning their wealth and resources to the next generation of leaders. It’s vital to take advice from an experienced, trusted advisor who understands customers’ needs and can also devise tailor-made solutions. The numbers speak for themselves. In the 50 years since its foundation, Charles Monat—the go-to advisor for affluent individuals and families—has worked with more than 8,000 clients from 50 countries around the world and placed more than US$40 billion in solutions. By any measure, it’s an impressive track record.
