JUMBO INSURANCE

Large insured amounts are often referred to as “Jumbo Insurance” or “Universal Life Insurance” and tends to be favoured by High Net Worth Individuals as it offers the flexibility and choice to meet with their financial needs and objectives.

From a Life Protection point of view the more assets you have, the greater the need to maintain, preserve and protect your assets in order for your family and loved ones to benefit from your legacy.

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Type of insurance*
Life Insurance (Term)
An effortless way of ensuring that your loved ones are financially protected and secure in the event of your death.

Life Insurance with Critical Illness
As above but also an assured sum is paid out if you are diagnosed with a critical illness (such as cancer or a heart attack) which is listed in the policy.

Life Insurance with Disability Cover
As above but also an assured sum is paid out if you are diagnosed with a total and permanent disability which is listed in the policy.

Mortgage Life Insurance
The amount of cover reduces over the term of the policy, usually in line with your outstanding mortgage balance.

Whole of Life
A life insurance policy that covers the policy holder for the remainder of their life, with no specified term.
Cover required for*
You can optionally include your partner when opening a new insurance policy.
Cover period*
For example:
- The number of years until you retire
- The time left on the mortgage
- The years until your children are grown
Cover amount*
This is the assured sum amount that will be paid to your family and loved ones in the event of your death. If you are unsure then simply estimate now, and we can tweak the value after your quote.
Would you like to meet with one of our expert advisers?*
Come and have an informal chat over a coffee or cup of tea at one of our offices and find out all you need to know about your best Life Protection options. Or we can come to your office or home to work round your busy lifestyle and schedule. Whichever option you choose, there’s no obligation at all. We want to share over 30 years experience and knowledge to let you know everything about Life Protection and help you make the best choices for your needs.
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- No, I'd just like a free quote
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WHAT IS JUMBO LIFE INSURANCE?

Jumbo Insurance typically has a face value of $1-150 million, with most falling in the $5-$20 million range.

Jumbo Insurance is intended to form a strategic part of any wealth management strategy for wealth distribution, succession planning, charitable giving or estate planning protection and is taken out by high net worth individuals.

In some cases a Jumbo Insurance policy is underwritten by more than one insurance company since insuring a single individual for so much is more risk than most insurance companies are willing to take on.

JUMBO insurance offers lifelong protection & coverage

Flexible premium choices for high net worth individuals

Choice of how the policy cash value is invested and grows

The Cash value can grow according to the performance of the portfolio

Jumbo Insurance can also be arranged with bank financing.

THE VALUE OF JUMBO INSURANCE

Our high-net-worth clients are always looking for high yielding investment opportunities and jumbo insurance is an excellent option to consider. Not only do you get lifelong life insurance cover, but you can also make a return on the premiums invested.

Jumbo insurance can be extremely valuable when planning ahead in terms of estate planning, as the pay-out can cover any required duties should you have properties in jurisdictions which have death duties.

HOW JUMBO INSURANCE WORKS

This insurance policy can act as an investment vehicle as it can provide an encashment value if the policy holder decides to terminate the policy prior to death.

The encashment value is determined by the investment returns made on the premium and any termination fees applied. The premium can be paid as a single up-front lump sum, or through a series of payments.

Speak with one of our dedicated insurance policy experts AND ADVISERS.

Jumbo Insurance is tailor made to suit your individual needs and circumstances. In order to learn more about how you could combine life cover with savings and/or a guaranteed interest rate of return over the term of the policy, simply request a free call back today.

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