High net worth Life Insurance/ Jumbo Life Insurance
High net worth Life Insurance is a life policy which is usually above usd/£/euro 1 million life cover. The Jumbo Insurance policy is taken by High Net Worth Individuals (HNWI) for passing their net worth to the next generation. If you’re looking for high value life insurance you are likely to have to complete a more detailed proposal form i.e. medical and financial underwriting. In most cases you may have to undergo a medical check-up. We can help you find the right high value of life insurance.We can help manage the application proposal and keep on top of all the paperwork for you.
Benefits of several types of high value life insurance
- Level term assurance - is one of the most common high value life insurance choices. It provides you with a fixed level of life assurance for a fixed period. If you die within the term of the policy, it will pay out the total sum assured. If you live to the end of the policy term, no additional benefit is payable.
- Decreasing term assurance - is most commonly used alongside a capital and interest mortgage or to protect an inheritance tax liability after a gift. As the name suggests, the level of cover decreases over the term of the policy. If you live to the end of the policy term, no additional benefit is payable.
- Family income benefit - pays a monthly income if you die within the policy term. The monthly income will continue at the level specified in the policy until the policy’s end date. These payments can either be flat or index linked. If you live to the end of the policy term, no additional benefit is payable.