JUMBO INSURANCE

Large insured amounts are often referred to as “Jumbo Insurance” or “Universal Life Insurance.” They tend to be favoured by high-net-worth individuals or those who own a large corporation, as they offer the flexibility and choice to meet 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 those assets in order for your family and loved ones to benefit from your legacy. Jumbo insurance offers something that standard insurance packages do not and that is large-scale protection against unforeseen life events.

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WHAT IS JUMBO LIFE INSURANCE?

Jumbo Insurance is a comprehensive insurance policy aimed at individuals with a high-net-worth and can cover personal properties, high-value items, and business and industrial sectors. It typically has a face value of $1-$150 million, with most falling in the $5-$20 million range.

Jumbo Insurance can help to form a strategic part of wealth management strategies for succession planning, charitable giving or estate planning protection and wealth distribution. As well as high-net-worth individuals, Jumbo Insurance can be used for large corporations that have an extensive library of assets to protect against theft, accident, or natural disaster.

Due to the high value of some individual cases, a Jumbo Insurance policy can be underwritten by more than one insurance company, since insuring a single individual for such a high value is more risk than many insurance companies are willing to undertake.

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

At IAE Insure, we have a number of high-net-worth clients who regularly seek high-yielding investment opportunities. Jumbo Insurance is an excellent option for our clients to consider as not only do they get lifelong life insurance coverage, but they 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

A Jumbo Insurance policy, in some cases, can act as an investment vehicle if the policyholder decides to terminate the policy before death. In this instance, the Jumbo Insurance policy can provide an encashment value which is determined by the investment returns made on the premium.

BENEFITS OF JUMBO INSURANCE.

Jumbo Insurance can offer lifelong protection and coverage.
It offers flexible premium choices for high-net-worth individuals.
Jumbo Insurance offers you the choice of how your policy cash is invested.
The cash value of your policy can grow according to your portfolio performance.
Protection against increased liability claims.
Business risk mitigation.

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

Jumbo Insurance is tailor made to suit your individual needs and circumstances and our team here at IAE Insure have extensive knowledge and experience in working with clients who need the highest coverage options.

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, request a free call back today from one of our medical insurance specialists.

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