What are the needs of the families you serve and how does Private Placement Life Insurance achieve that? Over the years we have realised that the needs of families are generally: Privacy and Confidentiality Asset Protection Tax Optimisation Estate and legacy planning Cash and liquidity access We call this “PATEC” Private Placement Life Insurance is a unit-linked single premium payment insurance policy, The premium can be paid in cash or with a portfolio of bankable assets, but it is also possible to pay with non-traditional asset classes such as art, precious metals or crypto. It’s called Private Placement because each contract is issued under its own private placement memorandum – the policyholder’s assets are segregated from other policyholder’s assets under the same insurance carrier. Whilst the legal ownership of the assets passes to the insurance carrier, the policyholder retains at all time full rights to request a partial or full surrender of the policy, change the beneficiaries and to appoint their own investment manager. Finance Monthly. Bank i ng & F i nanc i a l Se r v i ce s 47
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