Succession planning is a delicate process. The transfer of wealth, illiquid assets and business responsibilities requires openness, flexibility and making sure that every party is treated fairly. With the right financial solution, families and business owners can create succession plans that are fair and simple, by generating liquidity and enabling choice.

Reducing the complexity of succession planning
Succession planning is a delicate process. The transfer of wealth, illiquid assets and business responsibilities requires openness, flexibility and making sure that every party is treated fairly. With the right financial solution, families and business owners can create succession plans that are fair and simple, by generating liquidity and enabling choice.

The foundations of future success
If not carefully planned and executed, the handover process of a business can result in loss of control, decrease in revenue and reputational damage. With so much at stake, entrepreneurs want succession planning solutions that create options rather than limits them. Every business is unique, so every handover needs to be too.

When additional liquidity is needed
To address succession planning issues, creating additional liquidity can be a powerful solution. Be it to finance the replacement of a founder or to help cover the shortfall should investors retract capital. It provides partners with the reassurance that the business has the means to continue through a difficult time and the cash can pay liabilities such as business loans, which may be vital to staying afloat.

For many entrepreneurs, liquidity is a necessity to ensure that a remaining co-founder retains control. It can be used to buy out the late founder’s heirs, giving the family financial security, while ensuring current owners have the freedom to decide how they run the business.

For families, dividing illiquid wealth that is tied up in a business or real estate can be a big challenge. If the aim is to avoid selling assets, additional liquidity is needed to cover potential inheritance tax liabilities, pay out heirs who won’t be inheriting the family business or the real estate and to support weaker members of the family that need financial support.

A high life cover solution
Liquidity generated from ultra-high life cover gives businesses and families additional capital to respond to any situation and thereby protect their business, associated jobs as well as their loved ones and their legacy.

Swiss Life Generations is now also available for Belgian and Greek clients. This Variable Universal Life Insurance solution is a flexible protection plan which offers jumbo life cover up to EUR 50 million to help your clients care for their family, protect their business and use their wealth to support personal projects and charitable ventures.

The product is extremely flexible and can be adapted to personal and business needs at any time during its whole of life term. It changes as clients do, so that is always meets their needs.

Swiss Life believes that individuals and their families should be free to decide how they use their wealth. That is what our new ultra-high life cover solution offers families, business owners and start-ups.

Swiss Life Generations can help your clients live with confidence and security for decades to come. In a complex and changing world, Swiss Life Generations gives certainty.

 

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High life cover for the creation of additional liquidity

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