7 figure payout!

Is insurance an investment asset class?

Recently, I was helping a friend with his will. His biggest concern is not to leave any debts or liabilities for his wife and children.

When we looked at the breakdown of his assets, initially, it seemed like there was not much to begin with.

Very soon, we realized that there is a large pay out of more than 7 figures when he is no longer around. And 95% of his portfolio is from insurance that we had helped design for him since about 10yrs ago.

Then he heaved a sigh of relief and in fact, started to smile as he had ensured that his family does not need to worry.

Insurance is an asset class which is typically forgotten and ignored until the unexpected event happens. No matter how bad the markets are or bad the timing is, insurance payouts will eventually happen and we have seen that in our 13 years of practice. Insurance is the cheapest form of asset class if you know how to structure it.

Have you designed your 7 figure payout? How did he do it? If you would like to find out more, speak to us, your trusted financial advisor from Steward of Wealth to value add to you.

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