Luxembourg-based OneLife, in partnership with Scorpio, has offered insight into the challenges and opportunities faced by European High-net-worth individuals (HNWI) in the area of life insurance and inheritance in the second part of its #Success in Succession study.
The study “#Success in Succession - Part II Planning your family's future with complete peace of mind!” follows the first part of the study launched in 2016. Part II of the wealth management specialist OneLife's #Success in Succession study demonstrates how wealthy Europeans are looking to life insurance as a safe, flexible and efficient tool to protect, manage and transfer their wealth effectively.
Following the fortunes of four wealthy families all living in different European countries and with different family situations and aspirations for their futures, Part II looked into the multiple benefits of what life assurance can offer as both an effective wealth planning tool and a solution to achieve success in succession. With unique features such as high levels of investor protection, flexibility in managing assets held within the policy, cross-border portability, certain tax advantages depending on the jurisdiction, OneLife's real-life case studies provided illustrations on how it works in practice - and across borders.
In total, Part I and II of Success in Succession covered family cases from Finland, France, Belgium, Sweden, Portugal, Spain and the UK through an extensive series of e-books and a succession checklist.
