Estate planning can be complex
Dividing wealth is particularly difficult when it is tied up in a range of assets or a family business
The next generation may also have varying degrees of interest in a family business.
You want to support all your children to lead a self-determined life, whatever their own career goals may be.
Create a fair transfer of wealth
Estate equalisation is an important part of succession planning. With a strategic plan that creates liquidity, a business owner or parent can create a fair transfer of assets among all heirs. For example, the family business can be handed over to one child while an asset of equal value is passed on to the other(s). To make this arrangement possible, there needs to be liquidity. Our Swiss Life Generations high life cover is a practical solution that provides the liquidity you need to create an equivalent asset.
Key features of our solution
Create additional liquidity
The policy creates additional wealth, giving you more freedom of choice. With this financial security, you can arrange a fair wealth transfer and even opt to take income for your other needs and goals.
Invest the way you want
Choose from a range of investments in line with your strategy and profit from market increases with reduced risk costs. Select your asset manager and custodian to keep your trusted advisers with you.
Flexibility & security
You can plan the future of your business and ensure that all your children get the same share. With this flexibility, you will support your children with their own self-determined life plans.
An example - Estate equalisation
James built a retail business worth $20 million. His daughter Stephanie has helped run the business for a number of years and plans to inherit it. However, his son Sam is a successful lawyer and intends to open his own firm. He wants to pass on the family business to his daughter but also wants to provide his son with an equal share in his estate to help with his law firm venture. At the same time, he and his wife are planning a comfortable retirement with provisions for care, if needed.
What happens to the business?
Leave the business to Stephanie
Stephanie inherits the business valued at $20 million and is assured that her brother will inherit an equal share. With the business in her own hands, she can continue to manage and develop it.
What happens with the insurance policy?
Assign the policy sum assured to Sam
Sam benefits from $20 million generated by the high life cover policy, which is equal to the value of the business. He has the opportunity to open a law firm and live according to his own choices.
Four steps to create your future legacy
Tailor your policy to your personal goals
- Consider your long-term estate planning goals
- Target your wealth transfer challenges
- Arrange a fair succession for all heirs
Financial & medical underwriting
- Choose from world-class clinics
- Use our exclusive concierge services
- Absolute confidentiality is guaranteed
Choose your investment strategy
- Appoint your trusted asset manager and custodian
- Select underlying investments in line with your strategy
- Tax and legal needs are met
Adjust policy throughout your life
- View your policy anytime in ePrivateWealth
- Access liquidity when needed
- Adapt sum assured and beneficiaries as needs change
Start your legacy plan
Contact us so we can start planning your long-term goals