COVID-19 fraud alert: Criminals may use the Coronavirus outbreak to pose as people or organisation you trust, and could attempt to contact you about your bank account. Find out how to avoid fraud
Insurance options for professionals
At Citi Global Wealth at Work we offer wealth planning for professionals who want to take steps to protect their legacy. A sound wealth plan should consider legacy-planning and mortality risk, i.e., life insurance as an asset class. Our detailed wealth plans may include life insurance policies as an element in your overall recommendation, which are then written by insurance brokers that we can recommend.
Life insurance can help optimize the distribution of wealth to your chosen beneficiaries, helping maintain your family’s welfare. It can provide your loved ones with the right level of financial security after you’ve passed. If you require more funds upon your death to shore up your legacy, to relieve any existing financial commitments, or to fund a charitable bequest, it’s important to take steps now.
We understand that creating a lasting legacy is important, and we’re here to help. Our dedicated planning team will guide you through your options and refer you to an insurance broker who can secure a policy that suits your needs.
How we serve you
Plan
Planning for the future isn't always straightforward, but we are here to help you safeguard your family's financial future.
You may want to know how to best provide for your surviving spouse, whether through a single-life pension payout supplemented by life insurance or a joint-survivor pension payout.
Perhaps you’re considering whether to augment the assets you’ve earmarked as a source of cash flow during your retirement with a lump sum payout.
Either way, life insurance can help cement your legacy in the long run while bringing some certainty now.
Protect
Life insurance can help protect your legacy and your loved ones during the difficult times after your death.
Your estate may not have sufficient liquid assets to cover administration costs and estate taxes without the unwanted sale of key assets. If you’re part of a blended family, additional wealth may be required to provide for children from a previous marriage.
If your estate consists of assets that differ in size and value, it can be difficult to determine the fairest plan for transferring wealth to your beneficiaries. Dividing businesses, artworks and antiques, and vacation homes in an equitable manner isn’t always easy and can leave some heirs feeling as though they missed out. If shared ownership isn’t a possibility, additional wealth in the form of life insurance can be structured to equalize the individual shares of your estate.
Optimize
Enhancing your existing wealth plan with life insurance can strengthen the financial security of you and your loved ones.
While you may already have life insurance in place, it’s important to review your policies frequently to ensure they’re up to date and still relevant, as your coverage may have to adapt to your changing needs.
Client value is the foundation of the assistance and advice we offer. To help answer any questions about your life insurance options, speak to our external brokers as part of our complementary service. They can advise you on whether your existing policy is best suited to your current circumstances and needs, or whether other products may better align with your goals.
